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Thursday, January 09
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Rupee up 10 paise to hit fresh 11-month high


Mangalore Today News Network

Mumbai, May 23, 2014:  Extending yesterday’s gain, the rupee on Friday rose by another 10 paise to trade at a fresh 11-month high of 58.37 against the US dollar in early trade on increased selling of the American currency by exporters.

RupeeIncreased selling of the dollar by banks and exporters amid sustained foreign capital inflows supported the rupee, dealers said.

Besides, a higher opening in the domestic equity market also helped the rupee, but dollar’s gain against other currencies overseas limited the rise, they added.


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