STOCK MARKET BSE NSE

Rupee gains 15 paise against dollar in late morning trade

Published: 27th November 2013 11:39 AM  |   Last Updated: 27th November 2013 11:40 AM   |  A+A-

Rupee2AP
By PTI

The rupee gained 15 paise to 62.35 against the American currency in late morning trade on fresh selling of the Greenback by banks amidst lower dollar overseas.

The rupee resumed higher at 62.45 per dollar as against the last closing level of 62.50 to a dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to 62.26 before quoting at 62.35 per dollar at 1040 hrs.

It moved in a range of 62.26 and 62.46 per dollar during the late morning deals.

Weakness of the Greenback in the overseas market mainly boosted the rupee against the dollar, a forex dealer said.

In New York market, the US dollar fell against the euro yesterday, but continued to show strength against commodity currencies such as the Australian dollar.

Also, the consumer confidence index declined to 70.4 this month from 71.2 in October as a result of more concern among Americans about future employment and income. Economists had expected the index to rise to 72.4, according to a MarketWatch poll.

Meanwhile, the BSE benchmark Sensex was quoted slightly lower at 20,419.78 at 1045 hrs.

The rupee appreciated by 18 paise to 62.32 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp