www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology TendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

Rupee rises 20 paise against dollar

Font Size

Agencies

Posted: Nov 09, 2009 at 0946 hrs IST

Mumbai Extending its gains for the fourth straight day, the rupee strengthened by 20 paise in early trade on Monday at 46.60 against the US dollar on expectations of more capital inflows into domestic equities that may open higher in tandem with other Asian markets.

Dollar's weakness against other currencies also supported the rupee.

At the Interbank Foreign Exchange (Forex) market, the local unit strengthened by 20 paise to 46.60. The Indian rupee ended 22 paise higher at 46.80/81 in the previous session on Friday.

Forex dealers said expectations of continued inflow of foreign funds into local bourses that may open in the positive zone tracking other Asian markets pushed up rupee's demand.

Hong Kong's stock exchange Hang Seng opened firm by 1.10 per cent.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Kushwaha blames Maya: I was like a pawn guarding wazir

We did not pose threat to Rushdie: Muslim bodies

Plot to sabotage Guj will be answered by Sadbhavna weapon: Modi

French win India’s 126-aircraft deal

Pune land scam: CBI raids former vice-chief of Army

Punjab: Badal and Captain both prepare for a new term as CM, Sukhbir rests

13/7: Delhi jeweller held for 'hawala link'

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map