 "Rupee trims early gains against dollar, still up 19 paise")
The rupee trimmed its early gains but was still higher by 19 paise quoting 54.14 against the US currency in late morning deals today due to fresh selling of dollars by banks and exporters.
The Indian rupee resumed higher at 54.11 per dollar as against the last weekend's level of 54.33 at the Interbank Foreign Exchange (Forex) Market.
It moved in a range of 54.06 and 54.15 before quoting 54.14 per dollar at 1050 hrs.
In the New York market, the euro rose against the dollar on last Friday, with traders shaking off turmoil in Cyprus as officials scrambled to piece together a plan to secure a bailout and remain in the euro zone.
Meanwhile, the Indian benchmark BSE-30 share index Sensex rose by 107 points, or 0.57 per cent, quoting 18,842.41 at 1050 hrs.
The Indian rupee resumed higher at 54.11 per dollar as against the last weekend's level of 54.33 at the Interbank Foreign Exchange (Forex) Market.
It moved in a range of 54.06 and 54.15 before quoting 54.14 per dollar at 1050 hrs.
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Banks and exporters preferred to reduce their dollar position in view of weakness of the American currency in the overseas market, a forex dealer said.
In the New York market, the euro rose against the dollar on last Friday, with traders shaking off turmoil in Cyprus as officials scrambled to piece together a plan to secure a bailout and remain in the euro zone.
Meanwhile, the Indian benchmark BSE-30 share index Sensex rose by 107 points, or 0.57 per cent, quoting 18,842.41 at 1050 hrs.