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.

EDITORIAL OF THE DAY

  • Enhanced allocations are needed for research to ‘Make in India’ for India

    Even as India flaunts its ambitious ‘Make in India’ initiative from February 13, it spurs several questions.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture