Wednesday 23 April 2014
News updated at 5:08 PM IST
Weather
Max: 35.5°C
Min : 21.5°C
In Bangalore
Partially cloudy

Re closes at 63.84 mark

Mumbai, Sept 10, 2013 DHNS
File Image

The rupee on Tuesday rallied against the US dollar as August trade deficit narrowed to $10.9 billion and also on reports that the US may not strike Syria.

The rupee opened at 64.48 to a dollar in morning trade as against last weekend’s level of 65.25 a dollar.  It went higher by 140 paise or 2.14 per cent against US dollar to settle at 63.84 in the closing. The dollar-rupee pair made a high of 64.47 levels and a low of 63.77 levels. 

Treasury executives pointed out that banks and exporters have sold dollars on sustained capital flows. Some easing of tension over the crisis in Syria over the weekend and a slew of steps announced last week to attract more foreign exchange are exerting a positive influence on market sentiment.  


So, banks and exporters preferred to reduce their dollar position on expectation of more foreign capital inflows into the equity market as the rupee was seen recovering accompanied by the major Asian currencies who were trading on a positive note.

Go to Top

Photo Gallery
Bengaluru FC player in a Jubilant mood at International Airport,Bengaluru after winning I league...

Bengaluru FC player in a Jubilant mood at International Airport,Bengaluru after winning I league...

Timothy John Bristow, Sir Robert Bristow’s nephew with his wife Rebecca visits the Harbour Bridge...

Timothy John Bristow, Sir Robert Bristow’s nephew with his wife Rebecca visits the Harbour Bridge...

Priyanka Vadra shares meal with a village woman in a field during an election campaign for her...

Priyanka Vadra shares meal with a village woman in a field during an election campaign for her...

Encyclopaedia Britannica President Jorge Cauz and Geeta Dharmarajan, founder & executive directoR...

Encyclopaedia Britannica President Jorge Cauz and Geeta Dharmarajan, founder & executive directoR...

School children greet Sachin Tendulkar on the eve of his birthday in Moradabad...

School children greet Sachin Tendulkar on the eve of his birthday in Moradabad...

An Indian Hindu devotee prays to the river Ganges, in Varanasi, India...

An Indian Hindu devotee prays to the river Ganges, in Varanasi, India...

A ragpicker girl Zahanara Khatun, 12, looks at the camera as she searches for recyclable items at...

A ragpicker girl Zahanara Khatun, 12, looks at the camera as she searches for recyclable items at...

Indians stand on the banks of the River Yamuna, covered in industrial effluence on Earth Day in...

Indians stand on the banks of the River Yamuna, covered in industrial effluence on Earth Day in...

Indian devotees pray and take dip on the banks of the river Ganges, in Varanasi...

Indian devotees pray and take dip on the banks of the river Ganges, in Varanasi...

A man poses as he gets his face painted ahead of the sixth phase of India's general election...

A man poses as he gets his face painted ahead of the sixth phase of India's general election...

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