The rupee on Tuesday gained 26 paise to 53.91 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters ahead of the Reserve Bank policy review.
Forex
dealers said strengthening of euro against the dollar overseas on easing fears about a controversial bailout for Cyprus and a higher opening in the domestic equity market, also supported the rupee.
The local currency had lost 16 paise to close at 54.17 on Monday because of fresh dollar demand from importers and some banks.
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
The rupee on Tuesday gained 26 paise to 53.91 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters ahead of the Reserve Bank policy review.