The rupee trimmed its early gains against the dollar but was still up 17 paise to 62.27 on selling of US currency by banks and exporters amid weakness of the greenback overseas. Firm equities and good capital inflows from foreign funds supported by easing of norms by Reserve Bank for providing swaps to banks that are borrowing funds overseas also boosted the rupee sentiment.The rupee resumed strong at 62.20 per dollar as against the last closing level of 62.44 at the Interbank ForeignExchange Market and hovered between 62.38 and 62.12 before quoting at 62.27.
News On AIR | September 26, 2013 12:45 PM
Rupee up 17 paise at 62.27 against Dollar<br/>