Rupee strengthens further against dollar, up 37 paise

Written by | January 29, 2014 | 0

MUMBAI: The Indian rupee strengthened further by 37 paise to 62.14 against the American currency in the late morning trade on persistent selling of dollars by banks and exporters.

This was on hopes of resumption of foreign capital inflows in view of firm equity market amid lower dollar overseas.

The rupee resumed higher at 62.28 per dollar as against the last closing level of 62.51 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a high of 62.11 before quoting at 62.14 per dollar at 1045 hrs.

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