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

Rupee rises 20 paise against dollar

Font Size

Agencies

Posted: Nov 09, 2009 at 0946 hrs IST
Rupee

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

Pakistan has nothing to fear from India, says PM

Rana ran a flourishing immigration business

2 killed, 47 hurt as train derails after Maoists blast

PM's state visit to showcase strong Indo-US ties

IAF Vice Chief’s latest: Politics stalls defence purchases

Post-Rajnath plan in place, Gadkari ahead

Campaigning stops Koda from meeting ED

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map