The rupee recovered by 19 paise to 58.20 against the dollar in early trade today at the Interbank Foreign Exchange market. This follows RBI's announcement of steps to check free-fall in rupee, raising the limit for online repatriationof export proceeds by over three-fold to 10,000 dollars.Besides, selling of American currency by banks and dollar's weakness against other currencies overseas, supportedthe rupee, forex dealers said.The rupee fell to all-time low of 58.98 intra-day against dollar in yesterday's trade on intense demand for the UScurrency, but ended 24 paise down at 58.39.
News On AIR | June 12, 2013 10:38 AM
RBI measures bolster rupee ; quotes 19 paise up at 59.20 vs dollar