<div style="float: left;">
	<img align="" alt="" class="imgCont" height="163" src="http://bsmedia.business-standard.com/_media/bs/img/article/2013-08/29/full/1377770102-9713.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="" width="218" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:218px;">
		<a href="http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com</div>
</div>

The rupee is higher largely on global cues, at 62.88/89 versus its Thursday's close of 63.11/12 after dovish comments last week from Fed Chairman-nominee Janet Yellen assure markets there will be no imminent decision to scale back the Fed's massive bond-buying programme.


The rupee strengthened in morning trade on Monday due to dollar sale by banks. The bullish sentiments in equity market also helped the rupee.<br />
<br />
At 10:35 am, the rupee was trading at Rs 62.76 compared with previous close of Rs 63.11 per dollar.<br />
<br />
According to currency dealers, the rupee may strengthen further during the day and settle near Rs 62.50 per dollar.<br />

Rupee higher on dollar sale by banks

Bullish sentiments in equity market help the rupee

More From This Section

Gold eases after rally, but US stimulus hopes check losses

Markets reward China's reform ambition, await follow-up

Gulf carriers' 15 minutes of jet order hysteria

New media investing in favor but hazards lurk

Explore News