Rupee gains 9 paise against U.S. dollar in early trade

February 25, 2011 10:10 am | Updated 10:10 am IST - Mumbai

The Indian rupee appreciated by 9 paise to Rs. 45.39 per dollar at the Interbank Foreign Exchange on Friday, supported by a higher opening in the stock market and dollar weakness against other currencies overseas.

The rupee had lost 36 paise to close at Rs. 45.48/49 a dollar in the previous session due to heavy month-end dollar demand from importers and a steep fall in the domestic equity market.

Forex dealers said dollar weakness against other currencies and a higher opening in the stock market kept the rupee sentiment firm.

The Bombay Stock Exchange Sensex was up by 166.87 points at 17,799.28 in opening trade Friday.

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.