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Sunday, September 7, 2014

India rupee up 15 paise against US dollar in early trade - Financial Express


Indian rupee recovered by 15 paise to 60.24 against the US dollar in early trade today at the Interbank Foreign Exchange market. (Reuters)Indian rupee recovered by 15 paise to 60.24 against the US dollar in early trade today at the Interbank Foreign Exchange market. (Reuters)


SummaryThe dollar slipped on Friday after data showed US employers added the fewest jobs in eight months, eroding confidence in the economy.



Indian Rupee recovered by 15 paise to 60.24 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks amid sustained foreign fund inflows.


Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas supported the rupee.


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