Rupee recovers 40 paise against dollar

0Shares

The rupee on Tuesday appreciated by 40 paise to 52.24 against the U.S. dollar in early trade at the Interbank Foreign Exchange on selling of the American currency by exporters and banks.

Besides, a higher opening in the equity market and strengthening of euro against the dollar overseas also supported the rupee, forex dealers said.

The BSE benchmark Sensex recovered by 150.80 points, or 0.81 per cent, to 18,859.78 in early trade on Tuesday.

The rupee had witnessed its second biggest fall of 79 paise in 2012 to close at one-week low of 52.64 on Monday in line with sluggish stock market amid the U.S. currency strengthening in the overseas market.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS