The rupee today gained 13 paise to 54 rupees 72 paise against the dollar in early trade, snapping a four-day losing streak, on selling of the US currency by exporters and banks ahead of the Reserve Bank's mid-quarter monetary policy review meeting. The rupee had lost 37 paise to close at a three-week low of 54 rupees 85 paise against the dollar yesterday due to persistent demand for the American currency amid government lowering economic growth forecast for the current fiscal.
News On AIR | December 18, 2012 11:31 AM
Rupee gains 13p against dollar in early trade