Rupee Gains 11 Paise vs Dollar in Early Trade

Wednesday, April 25, 2012
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Bangalore: The rupee appreciated by 11 paise to 52.43 against the U.S. dollar in early trade on the Interbank Foreign Exchange market, as the American currency fell against other currencies overseas.

Besides gains in euro and other currencies against the American currency, a higher opening in the equity market and dollar selling by exporters and some banks supported the rupee, dealers said.

The rupee strengthened by 14 paise to close at 52.54/55 on Wedenesday against the U.S. currency on fresh dollar selling by banks and exporters.


Source: PTI
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