Rupee trims initial gains, still up by 14 paise Vs dollar

Mumbai: The rupee trimmed its initial gains, but was still up by 14 paise to 59.03 against the American currency in morning trade today on bouts selling of dollar by banks and exporters amidst sustained
rupee trims initial gains still up by 14 paise vs...
PTI June 09, 2014 17:10 IST
Mumbai: The rupee trimmed its initial gains, but was still up by 14 paise to 59.03 against the American currency in morning trade today on bouts selling of dollar by banks and exporters amidst sustained foreign capital inflows.  The rupee resumed higher at 59.10 per dollar as against the last Friday's closing level of 59.17 at the Interbank Foreign Exchange market.

However, it immediately appreciated to 58.98 on bouts of dollar selling.

It hovered in a range of 59.10 and 58.98 per dollar before quoting at 59.03 at 1020 hours.  In New York market, the US dollar inched up against the Japanese yen last Friday, notching a weekly gain, in the wake of data showing the US economy added 217,000 jobs in May.  Meanwhile, the benchmark Sensex rose by 223.04 points, or 0.88 per cent, to 25,619.50 at 1100 hours.

 
Chunav Manch Gujarat 2017
 
 
killer smog
 

You May Like

   
 

More from business

 
 
Assembly Elections 2017