Rupee bounces back by 12 paise vs dollar as stocks gain. As a result of it Share Market and Gold Sales is not doing well in the world is also true.
Banks and exporters preferred to reduce their dollar position on the back of sustained foreign capital inflows into equity market coupled with weakness of dollar in the global market, a forex dealer said.
US dollar fell further in early trade today.
The rupee continued to remain weak against pound sterling and ended at 84.22 from the last 84.07 previously also fell against the euro to 70.98 as against 70.70 on last Friday.
It finished lower against the Japanese yen to 55.49 per 100 yen from last weekends level of 55.07.
read more.....
Banks and exporters preferred to reduce their dollar position on the back of sustained foreign capital inflows into equity market coupled with weakness of dollar in the global market, a forex dealer said.
US dollar fell further in early trade today.
The rupee continued to remain weak against pound sterling and ended at 84.22 from the last 84.07 previously also fell against the euro to 70.98 as against 70.70 on last Friday.
It finished lower against the Japanese yen to 55.49 per 100 yen from last weekends level of 55.07.
read more.....
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