The rupee gained 22 paise to 60.97 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the US currency by exporters amid a higher opening in the domestic equity market. Besides, the WPI inflation that eased to a nine-month low in February, raising expectations that the RBI would leave interest rates unchanged at its policy review next month, supported the rupee, forex dealers said.
In volatile trade, the rupee had shed two paise to close at 61.19 in the previous session on Friday. Forex and Money markets remained closed yesterday for 'Holi' festival.
Dealers say that the rupee would continue to remain rangebound and would now look for policy action from the US Federal Reserve in the coming week. The two-day meeting is likely to end on March 19 with a further QE3 tapering of $10 billion.
Meanwhile, the benchmark BSE Sensex rose166 points, while the Nifty rose 57 points in trade. Check currency rates here
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google