Friday 18 April 2014
News updated at 8:21 AM IST
Weather
Max: 34.6°C
Min : 22.1°C
In Bangalore
Sunny day

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
Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Voters cross a wooden bridge on the Chenab river to reach a polling station to cast their vote...

Farmers covering the paddy sacks after heavy rains in Patiala...

Farmers covering the paddy sacks after heavy rains in Patiala...

Women walk through a wheat field on their way to a polling station to cast their votes...

Women walk through a wheat field on their way to a polling station to cast their votes...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People play cricket on a road during voting for Lok Sabha polls in Patna...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

People arrive to cast their vote at a polling station in Ajmer district in the desert...

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Newly appointed Chief of Naval Staff Admiral R. K. Dhowan (C) poses for a picture after inspecting..

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Voters click pictures of their inked fingers after casting votes for Lok Sabha polls at a ...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Congress candidate from Bangalore South Nandan Nilekani showing inked finger with his wife Rohini...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

Voters wait in a queue to cast votes for the Lok Sabha elections in Chikmagalur on Thursday. PTI...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

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