On Dec 17, the Indian rupee strengthened by 61 paise against the US dollar in opening trade backed by the increased capital inflows by foreign funds. At the Interbank Foreign Exchange (Forex) market, the domestic currency traded at 47.30 against the greenback, a smart rise of 61 paise over the previous close of 47.91/92.
Forex dealers said that the rupee gained due to selling of dollar by banks and exporters after an upward trend in Asian equity markets that raised hopes for strong opening on domestic bourses. The rupee, appreciated by 13 paise at 47.91/92, a one-month high in the last trading session.
Forex dealers said that the rupee gained due to selling of dollar by banks and exporters after an upward trend in Asian equity markets that raised hopes for strong opening on domestic bourses. The rupee, appreciated by 13 paise at 47.91/92, a one-month high in the last trading session.
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