Rupee up 14 paise Vs US dollar in early trade

The rupee today rose by 14 paise to 52.87 against the US dollar in early trade.

Written by Agencies | Mumbai | Published: October 16, 2012 9:52 am

Rupee recovers by 17 paise against dollar

Mumbai,Oct 16 (PTI) The rupee recovered by 17 paise to 52.84 against the US dollar today on fresh selling of the American currency from banks in view of persistent foreign capital inflows into equity market.

The rupee resumed slightly higher at 53 a dollar as against the last closing level of 53.01 at the Interbank Foreign Exchange (Forex) Market. It moved between 53 and 52.83 per dollar,before quoting at 52.84 at 1040 hrs.

Sustained foreign capital inflows into equity market mainly boosted the rupee value against the dollar,a forex dealer said.

The BSE 30-stock index,Sensex,was up by 45 points or 0.24 per cent to 18,758.80 at 1050hrs.

In New York market,the US dollar had made slight gains yesterday against other currencies.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results