Millennium Post

Rs rebounds by 25p to 60.93 against $

Ignoring heavy capital outflows and firm dollar overseas, the rupee bounced back — off from four-month low logged last Friday — by 25 paise to close at 60.93 against the greenback following smart recovery in local equities and fresh dollar selling by exporters.

The dollar index was quoting higher by 0.06 per cent against its major global rivals. At the Interbank Foreign Exchange (Forex) market, the domestic unit started strong at 60.90 a dollar from last Friday's close of 61.18. It later moved in a wide range of 60.8750 and 61.1650 before concluding at 60.93, revealing a rise of 25 paise or 0.41 per cent.
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