Rupee gains 11 paise against U.S. dollar in early trade
Friday, 31 December 2010, 18:52 IST
By PTI
By PTI
Mumbai: The rupee gained 11 paise to Rs. 44.84 a dollar in early trade at the Interbank Foreign Exchange today.
Forex dealers said that besides dollar's weakness against other currencies overseas, higher opening on the stock markets and dollar's selling by exporters kept rupee's sentiment firm, as it gained for the fourth straight session today.
The rupee had ended 8 paise higher at 44.95/96 a dollar, almost its two-week high in the previous session following a rally in equities and random dollar selling by exporters and banks.
Forex dealers said that besides dollar's weakness against other currencies overseas, higher opening on the stock markets and dollar's selling by exporters kept rupee's sentiment firm, as it gained for the fourth straight session today.
The rupee had ended 8 paise higher at 44.95/96 a dollar, almost its two-week high in the previous session following a rally in equities and random dollar selling by exporters and banks.
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