Rupee Rises Against Dollar; Large Corporate Sales Seen
Posted: 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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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.
visit: www.daygains.com for the Best Stock Tips