rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Rupee rises 8 paise to 62.15 Vs dollar in late morning trade

Rupee rises 8 paise to 62.15 Vs dollar in late morning trade

Last updated on: February 21, 2014 11:44 IST

RupeeThe rupee gained eight paise to 62.15 against the US currency in late morning trade today on selling of dollars by banks and exporters on persistent foreign capital inflows into equities.

The rupee resumed higher at 62.19 per dollar as against the last closing level of 62.23 per dollar at the Interbank Foreign Exchange Market.

It hovered in a range of 62.20-62.09 per dollar before quoting at 62.15 at 1045 hours.

Sustained foreign capital inflows coupled with recovery in the equity market mainly boosted the rupee value against the dollar, a forex dealer said.

However, in New York market, the US dollar gained against many of its rivals yesterday despite mixed data that raised questions about economic growth.

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.