Press Esc to close

Rupee gains 19 paise to 51.97 against dollar

Mumbai, Oct 4,2012 (PTI) 11:49 IST
The rupee continued to rule firm at 51.97 against the American currency in the later morning trade on persistent dollar selling by banks and exporters in view of sustained capital inflows from foreign funds into the equity market despite firm dollar overseas.

The rupee had resumed higher at 52 per dollar at the Interbank Foreign Exchange (Forex) market and moved in a range of 51.86-52.10, before quoting at 51.97 at 1045 hrs.

Banks and exporters preferred to reduce their dollar position in view of persistent capital inflows from foreign funds into equity market. The BSE benchmark Sensex rose by 175 points, or 0.92 per cent, to 19,043.78 at 1100 hrs on hopes of further economic reforms from the government.

Meanwhile, in New York market, the dollar gained against the euro and rose further versus the Japanese yen yesterday after a pair of US economic reports came in better than expected.

Go to Top

More from this section
Most trending stories
Photo Gallery
Prime Minister Narendra Modi greets a gathering during 'Rally for Change' at Jawaharlal Nehru...

Prime Minister Narendra Modi greets a gathering during 'Rally for Change' at Jawaharlal Nehru...

Rahul Gandhi, newly elected president of India's main opposition Congress party, kisses the...

Rahul Gandhi, newly elected president of India's main opposition Congress party, kisses the...

A performer poses during celebrations after Rahul Gandhi, newly elected president of India's main...

A performer poses during celebrations after Rahul Gandhi, newly elected president of India's main...

Defence Minister Nirmala Sitharaman, Army Chief General Bipin Rawat, Chief of Naval Staff Admiral...

Defence Minister Nirmala Sitharaman, Army Chief General Bipin Rawat, Chief of Naval Staff Admiral...

Army and Air Force jawans pay homage to the martyrs of Indo-Pakistani War of 1971, on the...

Army and Air Force jawans pay homage to the martyrs of Indo-Pakistani War of 1971, on the...

Women take part in a bike rally to commemorate the Vijay Diwas celebrations in Karad, Maharashtra...

Women take part in a bike rally to commemorate the Vijay Diwas celebrations in Karad, Maharashtra...

Polling staff check EVM one day ahead of the Amritsar Municipal Corporation elections, in...

Polling staff check EVM one day ahead of the Amritsar Municipal Corporation elections, in...

Umarte Sau Crore Abhiyan Bihar members with eunuchs at a candle light march during a protest...

Umarte Sau Crore Abhiyan Bihar members with eunuchs at a candle light march during a protest...

Indian Air Force's 'Akash Ganga' sky diving team members perform during an air show on the...

Indian Air Force's 'Akash Ganga' sky diving team members perform during an air show on the...

The new Stoos Bahn, which claims to be the steepest funicular railway in the world, stands on its...

The new Stoos Bahn, which claims to be the steepest funicular railway in the world, stands on its...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.