Snapping its one-week losing streak, the Indian rupee gained by 11 paise to 48.08/09 against the dollar on expectations of fresh capital inflow from foreign funds in equity markets and a slight weakness in the US currency overseas. Rupee closed at Rs 48.08/09 against yesterday's close of Rs 48.19/20 per dollar, showing a net gain of eleven paise.
The rupee hovered in a range of Rs 48.27 per dollar and Rs 48.07 per dollar during the day. It had dropped by 95 paise or 2.01% in the last seven days.
The rupee hovered in a range of Rs 48.27 per dollar and Rs 48.07 per dollar during the day. It had dropped by 95 paise or 2.01% in the last seven days.
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