BUSINESS

Rupee posts mild rally

MUMBAI: Bunched up weekend dollar supplies on Monday helped the rupee to post a mild rally amid a retreating dollar overseas in moderately active two-way trading at the interbank foreign exchange market with the outlook positive for further gains.

Closing at 45.7550/7650 a dollar, a 1-1/2 paisa gain from last Friday's close of 45.77/78, the rupee traded in a band of 45.73 and 45.80 on alternate bouts of dollar sales and corporate bids. It opened distinctly firm at 45.72/74. — PTI