Thursday, October 24, 2013

Rupee recovers by 13 paise vs dollar after initial losses

Oct 24, 2013,

MUMBAI: The rupee recovered by 13 paise to 61.46 against the American currency after initial losses following bouts of selling of dollars by banks and exporters amid strong recovery in the equity market.

Persistent foreign capital inflows also boosted the rupee value against the dollar, a forex dealer said.

The rupee resumed higher at 61.57 per dollar as against the last closing level of 61.59, but dropped immediately to 61.70 on dollar demand from banks and importers.

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