The Indian rupee ended higher by 18 paise to 61.43 against the American currency after the long weekend holidays on sustained selling of dollars by banks and exporters.
The rupee resumed higher at 61.41 per dollar as against the last Wednesday’s closing level of 61.61 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 61.3025 per dollar and 61.4700 per dollar before finishing at 61.43 per dollar, showing a rise of 18 paise or 0.29 per cent.
Pramit Brahmbhatt, Veracity Group CEO said,’ the rupee appreciated to 61.3025, taking cues from the dollar which is at present is trying to recover from Monday’s fall in the global market. Investors preferred to book profit in the already elevated dollar’.
The rupee resumed higher at 61.41 per dollar as against the last Wednesday’s closing level of 61.61 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 61.3025 per dollar and 61.4700 per dollar before finishing at 61.43 per dollar, showing a rise of 18 paise or 0.29 per cent.
Pramit Brahmbhatt, Veracity Group CEO said,’ the rupee appreciated to 61.3025, taking cues from the dollar which is at present is trying to recover from Monday’s fall in the global market. Investors preferred to book profit in the already elevated dollar’.