Thursday, April 16, 2015

Forex tips: Rupee recovers 13 paise to Rs 62.38

10:49 AM

Forex tips: Rupee recovers 13 paise to Rs 62.38 against dollar in early trade
The rupee recovered by 13 paise at 62.38 against the US dollar in early trade today at Interbank Foreign Exchange after the Greenback weakened overseas due to disappointing American retail sales data. Forex dealers said besides increased selling of the US dollar by exporters, a higher opening in the domestic equity market, supported the rupee. The rupee had lost 20 paise to close at over one-week low of 62.51 against the American currency on Monday following sustained dollar demand from importers amid strong overseas cues.

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