Rupee advances by 19 paise vs dollar in late morning trade

August 08, 2013 10:02 am | Updated 11:18 am IST - Mumbai

The Indian rupee advanced by 19 paise to 61.11 against the dollar in the late morning trade on selling of the US currency by banks and exporters amidst volatile equity market.

The rupee resumed higher at 61.20 per dollar as against the yesterday’s closing level of 61.30 per dollar at the Interbank Foreign Exchange (Forex) Market.

However, it dropped to 61.40 per dollar on demands from banks and importers on the back of higher dollar in international market before recovering immediately to 61.11 per dollar at 1040 hrs.

It moved in a range of 61.11 per dollar and 61.40 per dollar during the morning deals.

In the global market, the US dollar turned higher against the Japanese yen in the early trade, following Chinese trade figures that outstripped market expectations.

Meanwhile, the Indian benchmark sensex moved up by 29 points or 0.15 per cent to 18,693.74 at 1045 hrs.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

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 The Hindu 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.