The Indian rupee gained 25 paise to Rs 44.95 against the US in early trade today, snapping a six-session losing streak on fresh selling of the American currency by banks and exporters in view of dollar weakness in global markets amid a recovery in the domestic equity market.
The rupee resumed higher at Rs 45.01/02 per dollar on the Interbank Foreign Exchange, as against the last close of 45.20/21 per dollar, and moved up further to Rs 44.95 per dollar before quoting at Rs 45.00/02 per dollar at 1030 hours.
The domestic currency hovered in a range between Rs 44.95 and Rs 45.05 per dollar in morning deals.
From: http://ping.fm/AJymY
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