Tuesday, February 1, 2011

Rupee up 19 paise to Rs 45.56 in early trade

MUMBAI: The rupee gained 19 paise to Rs 45.56 against the US dollar in early trade at the Interbank Foreign Exchange on Wednesday, supported by a higher opening in the stock market and weakness of the American currency against the euro.

The rupee had appreciated by 15 paise to close at Rs 45.75/76 against the US currency on Tuesday on the back of fresh dollar-selling by exporters, even as the equity market experienced sharp losses.

Dealers said that in addition to dollar weakness against other currency rivals overseas, a higher opening in the stock market on Wednesday boosted the rupee sentiment.

TOI

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