Indian Rupee snaps initial gain vs US dollar,down 4 paise

Indian rupee opened higher at 55.35 per dollar as against the previous closing level of 55.41.

Indian rupee snapped its initial gains to trade down by 4 paise at 55.45 against the dollar in late morning deals following fresh demand of dollars from importers and some banks.

Indian rupee opened higher at 55.35 per dollar as against the previous closing level of 55.41 at the Interbank Foreign Exchange (Forex) market.

* BSE Sensex

* NSE Nifty

* Top Gainers/Top Losers

* Top Value

* Top Quantity

It slightly moved up to 54.34 in early deals,before quoting 55.45 per dollar at 1100 hrs,down by 4 paise over its last close.

Story continues below this ad

The rupee hovered between of 54.34 and 55.49 per dollar during late morning trade.

In international market,the US dollar slipped against basket currencies on investors cautiousness ahead of Federal Reserve Chairman Ben Bernanke’s views in Joint Economic Committee meet over state of US economy as well as Fed’s current easing programme.

Meanwhile,the BSE-30 share barometer Sensex was trading higher by 66.62 points or 0.32 per cent to 20,175.84 at 1105 hours.

* Best Performing Mutual Funds

After $102 million heist, Louvre moves crown jewels to Bank of France vault

World6 hr ago

The Louvre has moved valuable treasures to the Bank of France after a daring heist exposed security flaws. The transfer of select pieces, including France's crown jewels, was under heavy police escort. The heist, in which priceless items were stolen and damaged, has sparked national outrage and embarrassment for the government.

View all shorts

Live Blog

PHOTOS