June 12, 2013 10:38 AM

printer

RBI measures bolster rupee ; quotes 19 paise up at 59.20 vs dollar

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.

Most Read
View All arrow-right

No posts found.