The rupee trimmed its early gains but was still higher by 23 paise to 63 rupees 7 paise against the dollar in late morning trade today on selling of the American currency by banks and exporters amid recovery in the equity market. The rupee resumed higher at 63 rupees 15 paise as against the last closing level of 63 rupees 30 paise and firmed up further to 62 rupees 95 paise before quoting at 63 rupees 7 paise per dollarIn New York, the US dollar edged lower yesterday as investors looked ahead to the confirmation hearing for JanetYellen, the nominee to lead the Federal Reserve at a time whenit is likely to pull back from its stimulus.
News On AIR | November 14, 2013 11:51 AM
Rupee quoting 23 paise higher at 63.07 against Dollar