Business Standard

Rupee snaps 2-day losing streak; up 18 paise vs dollar

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Press Trust of India Mumbai

The local unit resumed slightly higher at 52.66/67 per dollar at the Interbank Foreign Exchange (Forex) market as against the last closing level of 52.68/69 per dollar and firmed up further to 52.50 per dollar before quoting at 52.52/53 per dollar at 1030 hours.

The domestic currency hovered in a range of 52.50-52.74 per dollar during the morning deals.

Fresh selling of dollars by banks and exporters on the back of lower dollar in the New York market boosted the rupee value against the dollar, forex dealers said.

  

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First Published: Apr 25 2012 | 11:45 AM IST

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