The Indian rupee appreciated by 48 paise on Dec 10 against the US currency in early trade due to the dollar selling by banks amid surging Asian equity markets. At the Interbank Foreign Exchange (Forex) market, the domestic currency traded at 49.11 against the greenback, a gain of 48 paise over the previous close of 49.58/59.
According to dealers, the rupee gained on dollar selling by banks and exporters after a firm trend in Asian equity markets raised hopes of a rally in domestic stocks. The rupee had closed two paise lower against the dollar, in choppy trade in last trading session on Dec 8.
According to dealers, the rupee gained on dollar selling by banks and exporters after a firm trend in Asian equity markets raised hopes of a rally in domestic stocks. The rupee had closed two paise lower against the dollar, in choppy trade in last trading session on Dec 8.
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