Comments
At 4.23 pm local time, the rupee was trading at 55.72 against the dollar at the Interbank Foreign Exchange market today as the American currency weakened against euro overseas.
Besides, dollar selling by exporters and banks and a higher opening in the domestic equity market also supported the rupee, forex dealers said.
They added that the euro gained against the dollar overseas after comments from German Chancellor Angela Merkel reasserting her desire to save the Euro Zone.
The rupee had lost 10 paise to close at a two-week low of 55.75 against the greenback yesterday due to weakness in local shares and sustained demand for dollar from importers.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.