| Topic : The Dollar in Forex Trading |
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Banking & Insurance Professionals
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Activity:
2 comments
226 views
last activity : 04 25 2012 06:54:53 +0000
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The Indian rupee gained 7 paise to Rs 45.17 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange, led by a higher opening in the stock market and weakness of the American currency against its major global rivals.
The rupee had ended 12 paise lower at 45.24/25 against the US dollar in the previous session amid heavy dollar-selling by banks and importers.
Forex dealers said in addition to dollar weakness against other Asian currencies and the Euro overseas, a higher opening in the stock market also supported the rupee sentiment.
Read more: Rupee up 7 paise against US dollar - The Times of India http://timesofindia.indiatimes.com/business/india-business/Rupee-up-7-paise-against-US-dollar/articleshow/7176648.cms#ixzz19OEZY6Lb
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