Business Standard

Rupee gains 11 paise in early trade

Image

Press Trust of India Mumbai

The rupee gained 11 paise to Rs 44.84 a dollar in early trade at the Interbank Foreign Exchange today.

Forex dealers said that besides dollar's weakness against other currencies overseas, higher opening on the stock markets and dollar's selling by exporters kept rupee's sentiment firm, as it gained for the fourth straight session today.

The rupee had ended 8 paise higher at 44.95/96 a dollar, almost its two-week high in the previous session following a rally in equities and random dollar selling by exporters and banks.

Meanwhile, the Bombay Stock Exchange benchmark Sensex moved up by 93.19 points to 20,482.26 in the opening trade today.

 

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

First Published: Dec 31 2010 | 10:15 AM IST

Explore News