Rupee Regained 11 paise to 61.56 against the US dollar in early trade at the Interbank Foreign Exchange today amid assisted overseas capital invasion . A bigger opening in the domestic equity market helped the rupee but the dollar's gain profit against other currencies overseas surpassed the rise. Rising in selling of the American currency by banks and exporters amid sustained invasion of foreign funds supported the rupee, they added. The rupee had closed at one week maximum by gaining profit of 13 paise at 61.67 against the Greenback yesterday and exporters as RBI kept interest rates unchanged. The benchmark BSE Sensex regained by 133.48 points, or 0.48 %, to 29,133.62 in trade.
As UK construction growth recovers Sterling trims into losses
Sterling stayed near an 18 month of low-lying on Tuesday, with a stronger than expected survey of Britain's construction sector doing small to change the expectation that interest rates will stay near zero until well into 2016. The monthly construction purchasing managers' index increased to 59.1 from December's 17 months of low-lying of 57.6, topping all forecasts in a Reuters poll and above the 50 mark that signifies growth.
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