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Dec 11, 2012
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Re rebounds by 22 p to end at 54.26 on $sales, capital inflows
Snapping a two-session losing string, the rupee today bounced back by 22 paise to end at 54.26 on the back of fresh dollar selling by exporters and capital inflows worth about USD 250 million.A weak dollar overseas ahead of a US Fed policy meeting also aided the rupee recovery while late weakness in domestic equities restricted the rupee's rise, forex dealers said. At the Interbank Foreign Exchange (Forex) market, the local unit resumed higher at 54.40 a dollar from overnight close of 54.48, but declined immediately to a low of 54.46.
Source -
http://www.financialexpress.com
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