Rupee trims initial gains against dollar, up 10 paisa
The rupee trimmed its initial gains against the US dollar and was quoted higher by 10 paise to 61.70 in late morning deals on selling of the greenback by banks and exporters.
The rupee resumed higher at 61.65 per dollar as against the yesterday's closing level of 61.80 at the Interbank Foreign Exchange market and moved up further to 61.63 per on initial dollar selling by banks.
However, it trimmed its initial gains on mild dollar demand from some banks and was quoted at 61.70 per dollar at 1110 hours, still showing a gain of ten paise from its last close.
The local currency moved in a range of 61.63 and 61.77 per dollar during the late morning trade.
The rupee trimmed its initial gains against the US dollar and was quoted higher by 10 paise to 61.70 in late morning deals on selling of the greenback by banks and exporters.
The rupee resumed higher at 61.65 per dollar as against the yesterday's closing level of 61.80 at the Interbank Foreign Exchange market and moved up further to 61.63 per on initial dollar selling by banks.
However, it trimmed its initial gains on mild dollar demand from some banks and was quoted at 61.70 per dollar at 1110 hours, still showing a gain of ten paise from its last close.
The local currency moved in a range of 61.63 and 61.77 per dollar during the late morning trade.
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