SEARCH

Rupee ends higher

print   ·   T  T  

MUMBAI: The rupee bounced back and closed firm against the U.S. currency on Wednesday at 45.9800/9900 due to suspected dollar selling by banks.

In an active trading at the interbank foreign exchange market here, the Indian unit started the day on a weak note at 46.0700/1000 a dollar, but later rebounded on fresh dollar selling by foreign banks and after rising to an intra-day high of 45.9600, ended at 45.9800/9900 a dollar, smartly higher than the previous close of 46.0300/0400.

The Reserve Bank of India fixed the reference rate for the dollar at Rs. 45.98.


O
P
E
N

close

Recent Article in BUSINESS

Govt. open to revising MSME investment limits

The Narendra Modi Government is actively considering revising the investment caps for micro, small and medium enterprises (MSMEs), and ca... »