rupee rises by 26 paise in early trade

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Rupee rises by 26 paise in early trade


The rupee gained 26 paise to 53.91 against the dollar in early trade on Tuesday at the interbank foreign exchange on fresh selling of the US currency by exporters ahead of RBI's policy review.


Strengthening of euro against the dollar overseas on easing fears about a controversial bailout for Cyprus and also a higher opening in the domestic equity market supported the rupee, forex dealers said.


The local currency had lost 16 paise to close at 54.17 yesterday due to fresh dollar demand from importers and some banks.


Meanwhile, the BSE benchmark index Sens*x recovered by 85.41 points, or 0.44 per cent, to 19,378.61.


Source : profit.ndtv.com




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