Rs snaps six-day fall, rises 6p to 55.57 per $
27 May 2013 11:38 PM GMT
Mumbai: Snapping a six-day losing run, the rupee on Monday closed six paise higher at 55.57 against the US dollar on the back of good inflows in equities and dollar selling by some exporters.
A weak US dollar overseas also aided the rupee sentiment.
The rupee commenced lower at 55.70 a dollar from previous close of 55.63. It immediately touched a low of 55.78 on initial caution in domestic equities and sustained dollar demand from importers, mainly oil refiners to meet their month end requirements.
A weak US dollar overseas also aided the rupee sentiment.
The rupee commenced lower at 55.70 a dollar from previous close of 55.63. It immediately touched a low of 55.78 on initial caution in domestic equities and sustained dollar demand from importers, mainly oil refiners to meet their month end requirements.
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