Rupee trims gains, trades flat at 60.36 against dollar

April 17, 2014 10:06 am | Updated May 21, 2016 11:50 am IST - Mumbai

The rupee trimmed its initial gains and was flat at 60.36 against the US currency in morning trade today on sustained dollar demand from banks and importers on the back of firmness of the American currency overseas.

It resumed higher at 60.30 per dollar as against the last closing level of 60.37 at the Interbank Foreign Exchange market.

Later, it declined to overnight level of 60.37 on heavy dollar demand from importers.

The domestic unit hovered in a range of 60.37—60.26 per dollar during morning trade.

In New York market, the US dollar rose against major rivals late yesterday after a better—than—expected reading on US industrial production in March suggested the economic recovery is strengthening.

Meanwhile, the benchmark 30—share Sensex was trading higher by 197.69 points, or 0.89 per cent, to 22,474.92 at 1040 hours.

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.