Rupee up 36p to 3-week high of 62.14 per $
28 Nov 2013 11:47 PM GMT
The rupee climbed 36 paise to a three-week high of 62.14 against the dollar on Wednesday after banks and exporters sold the US currency as it weakened overseas.
The rupee resumed higher at 62.45 per dollar from the previous close of 62.50 at the interbank foreign exchange market and firmed up further to end at 62.14, a gain of 36 paise or 0.57 per cent. It was the highest close for the rupee since 61.62 on 5 November. The local currency ended unchanged on Tuesday.
Bankers and exporters reduced their dollar positions due to the currency’s weakness overseas, a forex dealer said.
The dollar slipped against the euro on thre day, ahead of economic data before Thanksgiving Day. Releases scheduled include durable goods orders, the Chicago purchasing managers’ index and consumer sentiment number. The benchmark Sensex ended at 20,420.26, down 4.76 points.
The rupee resumed higher at 62.45 per dollar from the previous close of 62.50 at the interbank foreign exchange market and firmed up further to end at 62.14, a gain of 36 paise or 0.57 per cent. It was the highest close for the rupee since 61.62 on 5 November. The local currency ended unchanged on Tuesday.
Bankers and exporters reduced their dollar positions due to the currency’s weakness overseas, a forex dealer said.
The dollar slipped against the euro on thre day, ahead of economic data before Thanksgiving Day. Releases scheduled include durable goods orders, the Chicago purchasing managers’ index and consumer sentiment number. The benchmark Sensex ended at 20,420.26, down 4.76 points.
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