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Rs up by 11p to 54.07 against $

The rupee on Wednesday strengthened by 11 paise to end at 54.07 on persistent selling of dollars by exporters and moderate capital inflows, amid reports of low volumes due to the ongoing two-day bank union strike.

The rupee resumed higher at 54.10 per dollar as against the last closing level of 54.18 per dollar at the Interbank Foreign Exchange (Forex) Market.During the session, rupee hovered in a range of 54.03 per dollar and 54.21 per dollar, before ending at 54.07 per dollar, a gain of 11 paise or 0.20 per cent over Monday.
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