Active Stocks
Thu Mar 28 2024 13:59:22
  1. Tata Steel share price
  2. 155.60 1.80%
  1. HDFC Bank share price
  2. 1,454.10 0.93%
  1. Power Grid Corporation Of India share price
  2. 277.55 2.40%
  1. ITC share price
  2. 430.95 0.69%
  1. State Bank Of India share price
  2. 755.20 2.88%
Business News/ Opinion / Online-views/  Rupee turns stronger vs dollar in early trade
BackBack

Rupee turns stronger vs dollar in early trade

Rupee turns stronger vs dollar in early trade

Premium

PTI

Mumbai: The rupee turned stronger after a four-day slide and was quoted 11 paise higher against the greenback in morning trade on 28 June, on exporters dollar selling amid a slowdown in FII inflows.

In fairly active trade at the interbank Foreign Exchange (forex) market, the local currency resumed higher at 40.96/97 per dollar from the previous close of 41.00/41.01 and later surged to 40.90/91 a dollar in late morning deals.

Attributing the turnaround to a rally in high-yielding Asian currencies this morning, forex dealers said exporters dollar sales at 41.00 level helped rupee recover smartly.

A sharp rally in equity markets in morning trade also aided the rupee sentiment.

The benchmark Sensex was 106 points up on the back of firm global cues.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Jun 2007, 12:15 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App