Sunday, March 02, 2025 | 11:45 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Rupee trading stronger on RBI measures

Gains in domestic shares also help rupee

<a href="http://www.shutterstock.com/pic-111991067/stock-photo-dice-on-rupee-coins-on-indian-currency-notes.html" target="_blank">Rupee</a> image via Shutterstock

Reuters Mumbai
Rupee is trading at 62.18/19 versus its close of 62.44/45 on Wednesday and close to the day's high of 62.1225.

Traders say gains in the domestic share market are also helping sentiment. The Sensex was trading up 0.5%.

The Reserve Bank of India late on Wednesday relaxed the minimum maturity tenure for banks' foreign currency borrowings' to one year from three years, in order to use the central bank's swap facility which was set up to support the ailing rupee.

Most Asian currencies also were stronger compared to the dollar.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 26 2013 | 2:56 PM IST

Explore News