Sai Jai
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The rupee recovered by 26 paise to
66.39 against the dollar at the
Interbank Foreign Exchange in early
trade on Tuesday on fresh selling of
the US currency by banks and
exporters.
Dealers said fresh selling of the US
currency by exporters and banks, and
weakening of dollar overseas
supported the domestic currency.
Also read: Asian shares bounce off 3-
year lows while China's suffering goes
on
Gains in stock markets also helped
rupee strengthen against the dollar,
they added.
The rupee had tumbled sharply by 82
paise, its biggest single day fall this
year, to settle at 66.65 against the
dollar yesterday as global meltdown
fears remained unabated.
The widespread panic sell-off in
Chinese equities predominantly tipped
emerging market currencies into
turmoil even as the US dollar
weakened overseas.
Meanwhile, the benchmark BSE
Sensex today regained the 26,000-
mark by rebounding 383.27 points, or
1.48 per cent, to trade at 26,124.83 in
opening trade. Source: http://www.indiatoday.in
66.39 against the dollar at the
Interbank Foreign Exchange in early
trade on Tuesday on fresh selling of
the US currency by banks and
exporters.
Dealers said fresh selling of the US
currency by exporters and banks, and
weakening of dollar overseas
supported the domestic currency.
Also read: Asian shares bounce off 3-
year lows while China's suffering goes
on
Gains in stock markets also helped
rupee strengthen against the dollar,
they added.
The rupee had tumbled sharply by 82
paise, its biggest single day fall this
year, to settle at 66.65 against the
dollar yesterday as global meltdown
fears remained unabated.
The widespread panic sell-off in
Chinese equities predominantly tipped
emerging market currencies into
turmoil even as the US dollar
weakened overseas.
Meanwhile, the benchmark BSE
Sensex today regained the 26,000-
mark by rebounding 383.27 points, or
1.48 per cent, to trade at 26,124.83 in
opening trade. Source: http://www.indiatoday.in
