rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Rupee up 26 paise against US$

Rupee up 26 paise against US$

February 04, 2013 10:55 IST

The rupee breached the key 53-level by gaining 26 paise to trade at fresh three-and-a-half-month high of 52.93 in early trade on Monday against the dollar on sustained selling of the American currency by exporters amid continued capital inflows.

Besides, a higher opening in the domestic equity market supported the rupee but yen's weakness against the dollar overseas capped the rupee's gains, dealers said.

The rupee strengthened by 3 paise to end at a three-and-a-half-month high of 53.19 in the previous session on Friday against the US currency on sustained dollar selling amid continued capital inflows.

Meanwhile, the BSE benchmark index Sensex recovered by 121.41 points, or 0.61 per cent, to 19,902.60 in early trade on Monday.

© 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.
Tags: BSE, US