Rupee edges up against US dollar - Business Today

Home /BIZ WRAP /Economy /Story PTI    New Delhi   Last Updated: April 5, 2013  | 11:53 IST The rupee on Friday gained seven paise to 54.80 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters. The local currency had lost 44 paise to hit one-month low of 54.87 a dollar yesterday due to heavy capital outflows. Forex dealers said increased dollar selling by exporters helped rupee to trade a shade higher but the US currency's strength against euro and yen overseas and a lower opening the domestic equity market capped the gains to some extent. Meanwhile, the BSE benchmark index Sensex fell by 46.72 points, or 0.25 per cent, to 18,462.98 in early trade on Friday. Rupee at 1-month low, falls 44 paise vs USD Govt to boost inflows to tackle CAD: PM 'CAD likely to be at 4.8% in March qtr' FII selling pressure weighs on Sensex Sugar shares surge after government removes curbs RBI to unveil monetary policy on May 3 via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEWUTbrqBNbFzK8c4S3Gh2vBmDRbQ&url=http://businesstoday.intoday.in/story/rupee-dollar-rate-today/1/193855.html

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