Rupee up 4 paise against dollar

Tags: News
The rupee recovered by four paise to 60.52 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

The local currency had lost 9 paise to close at 60.56 per dollar yesterday following late profit booking in local equities and fresh dollar demand from oil importers.

EDITORIAL OF THE DAY

  • Dictating retail price of a commodity goes against the grain of free market economy

    The Centre’s suggestion to states to cap prices of pulses and edible oils seems to indicate a bankruptcy of ideas in the government.

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