Rupee gains 6 paise against dollar

The rupee rose marginally by 6 paise to trade at 55.55 against the US dollar in early trade today at the Interbank Foreign Exchange on increased capital inflows amid stronger euro.

Written by Agencies | Mumbai | Published: July 2, 2012 10:22 am

The rupee rose marginally by 6 paise to trade at 55.55 against the US dollar in early trade today at the Interbank Foreign Exchange on increased capital inflows amid stronger euro.

Forex dealers said continued capital inflows and euro’s gains against the dollar after European leaders agreed to help stem the region’s financial crisis supported the rupee.

The rupee had logged its second biggest gain in nearly a decade,up a whopping 119 paise to settle at a two-week high of 55.61 a dollar on robust capital inflows on Friday.

Meanwhile,the BSE benchmark index Sensex fell by 40.19 points,or 0.23 per cent,to 17,389.79 in early trade today as funds and retail investors booked profits after recent gains.

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