Rupee gains 30 paise against dollar in early trade

Tags: News
The rupee today rose by 30 paise to 54.09 against the dollar in early trade at the Interbank Foreign Exchange due to selling of the US currency by exporters and banks despite firm global cues.

Besides, a higher opening in the domestic equity market also supported the rupee but euro and yen's weakness against the dollar, capped rupee's gain, dealers said.

The rupee yesterday strengthened by 30 paise to end at two-week high of 54.39 on persistent capital inflows and dollar sales following government's decision to virtually deregulate diesel prices in its continuing economic reform agenda.

Meanwhile, the BSE benchmark index Sensex rose by 123.75 points, or 0.62 per cent, to 20,087 in early trade today.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Rejigged FIIS could help our farmers tide over yet another dull monsoon

    India is an agrarian economy with one-third of its population depending on the agriculture sector directly.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Nations need both guns and grains

As Buddha said: “Words without context have no meaning.” Quoting ...

Kuruvilla Pandikattu SJ

Bored out of your wits? Get creative

Have you been truly bored? “So bored your mind churns ...

Gautam Gupta

Indian designers can learn a lot from Benetton

I was reading an article in the magazine about Benetton ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture