Rupee steady at 44.72/73 after initial gains

Bs_logoImage
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 10:13 PM IST

The Indian rupee held steady at 44.72/73 against the US dollar in late morning trade after its initial gains were eroded at the Interbank Foreign Exchange here today.

The rupee resumed higher at 44.68/70 per dollar against yesterday's closing level of 44.72/73 on selling of dollars by banks and exporters in view of weakness of the American currency in overseas markets.

The rupee hovered in a range between 44.67 and 44.73 per dollar during the morning trade.

It was quoted at 44.72/73 per dollar at 1030 hours.

In the Tokyo market, the dollar edged down against the yen and euro in early trade, giving back some of the gains made against its European counterparts in the wake of the European Central Bank's latest interest rate signal.

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 10 2011 | 10:04 AM IST