Press Esc to close
Wednesday 30 July 2014
News updated at 10:20 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Rupee gains strength; recovers by 38 paise against dollar

Mumbai, Jun 21, 2013 (PTI)

Erasing its early losses, the rupee today was trading higher by 38 paise at 59.19 against the dollar at 1230 hrs on fresh selling of the US currency by exporters and banks.

The rupee resumed lower at 59.74 per dollar as against the last closing level of 59.57 at the Interbank Foreign Exchange (Forex) Market.

It hovered in the range of 59.75 and 59.13 per dollar before quoting 59.19 at 1230 hours.
The rupee had yesterday closed at an all-time low of 59.57 against dollar after hitting an intra-day record low of 59.93.


Fresh selling of dollars by banks and exporters and speculation that the central bank will intervene mainly boosted the rupee value, a forex dealer said.

Meanwhile, the BSE benchmark Sensex recovered by 67.39 points, or 0.36 per cent, to quote at 18,786.60 at 1215 hours after falling over 79 points in early trade.

Go to Top

Photo Gallery
Amit Kumar of India runs a lap of honour to celebrate winning gold against Ebikweminomo Welson...

Amit Kumar of India runs a lap of honour to celebrate winning gold against Ebikweminomo Welson...

Vinesh of India, left, wrestles with Yana Rattigan of England in the FS 48kg gold medal match...

Vinesh of India, left, wrestles with Yana Rattigan of England in the FS 48kg gold medal match...

People enjoy at Marina Beach in Chennai...

People enjoy at Marina Beach in Chennai...

India's Kohli rolls on the ground after avoiding a ball bowled by England's Woakes..

India's Kohli rolls on the ground after avoiding a ball bowled by England's Woakes..

Smoke from the explosion of an Israeli strike rise over Gaza City...

Smoke from the explosion of an Israeli strike rise over Gaza City...

England bowler Chris Jordan makes an unsuccessful wicket appeal against Dhoni...

England bowler Chris Jordan makes an unsuccessful wicket appeal against Dhoni...

Vehicles stuck at a flooded road during heavy rains in Valsad district...

Vehicles stuck at a flooded road during heavy rains in Valsad district...

Muslims, with t-shirts sporting slogans to...

Muslims, with t-shirts sporting slogans to...

Former Australian cricketer Brett Lee at...

Former Australian cricketer Brett Lee at...

BJP National Vice President Mukhtar Abbas...

BJP National Vice President Mukhtar Abbas...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523