Forex dealers said apart from the gain in the dollar against other
currencies in the global markets on impressive US data, fresh demand for
the American unit from importers weighed on the rupee but a higher
opening of the domestic equity markets, capped the fall.
The rupee had gained 14 paise to close at 61.88 against the dollar in Tuesday's trade on selling of US currency by exporters and banks even as stock markets fell.
Meanwhile, the benchmark BSE Sensex recovered by 60.64 points, or 0.21 percent, to 28,504.65 in morning trade on Wednesday.
The rupee had gained 14 paise to close at 61.88 against the dollar in Tuesday's trade on selling of US currency by exporters and banks even as stock markets fell.
Meanwhile, the benchmark BSE Sensex recovered by 60.64 points, or 0.21 percent, to 28,504.65 in morning trade on Wednesday.
Source: News in Hindi and Newspaper
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