Rupee Rises Against Dollar; Large Corporate Sales Seen

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adskaroseo
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Joined: Thu Jun 28, 2012 2:13 am

Rupee Rises Against Dollar; Large Corporate Sales Seen

Post by adskaroseo » Tue Aug 07, 2012 2:31 am

The rupee rises to 55.30/31 from the previous close of 55.52/53 on large telecom-related dollar sales that dealers estimate at around $180-190 million.

A large engineering company was also a heavy USD seller, say dealers.

USD/INR has swung from a session high of 55.51 to a low of 55.24 during the session.

The Sensex gained higher, up around 1 per cent.

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