Rupee recovers against dollar
The rupee on Friday made a smart recovery against the dollar at the opening and was quoted at Rs 45.93/94 per dollar at the later stage due to fresh dollar sales.
By PTI |
MUMBAI: The rupee on Friday made a smart recovery against the dollar at the opening and was quoted at Rs 45.93/94 per dollar at the later stage due to fresh dollar sales.
At the interbank Foreign Exchange market, the Indian currency opened with fresh gains at Rs 45.96/97 and made further progress and was quoted at Rs 45.93/94 per dollar showing a smart recovery over the previous close of Rs 45.97/98.
The fresh rise in rupee was due to suspected dollar sales by state-owned banks on behalf of the Reserve Bank of India, dealers said.
At the interbank Foreign Exchange market, the Indian currency opened with fresh gains at Rs 45.96/97 and made further progress and was quoted at Rs 45.93/94 per dollar showing a smart recovery over the previous close of Rs 45.97/98.
The fresh rise in rupee was due to suspected dollar sales by state-owned banks on behalf of the Reserve Bank of India, dealers said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
