Rupee eases against dollar; still up 12 paise

The rupee surrendered early gains but was still trading with a gain of 12 paise at 55.30 against the American currency.

The rupee resumed higher at 55.10 per dollar as against the last weekend's level of 55.42 at the Interbank Foreign Exchange (Forex) Market as banks and corporates sold USD in view of fresh capital inflows from foreign funds coupled with firm trend in stock markets.
However, the rupee failed to maintain early gains and moved between 55.08 and 55.35 per dollar, before quoting at 55.30 at 1100 hrs.

The BSE 30-scrip index, Sensex, was trading 132.01 points up at 16,850.88 at 1100 hrs as Asian stock markets zoomed following reports of bailout package for Spanish banks.

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