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Local Currency Gains Foothold against US Unit

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Local Currency Gains Foothold against US Unit

February 25
15:45 2015

rupeeNew Delhi, Wednesday, February 25 – On improved foreign fund inflows, the currency of the country gained foothold by 15 paise to strike at 62.05 versus the US unit in the deal that took place early today at the Interbank Foreign Exchange market.

Detailing it further, a number of forex traders mentioned that above and beyond the fragility of the Greenback in opposition to other units out of the country, a superior start in local stock market backed the domestic currency.

Here is to state that the Indian rupee had finished 11 paise up to be at 62.20 in opposition to the American currency a day ago due to huge offloading of the dollar. In the intervening time, the 30-share index mounted by 228.67 points to hit at the mark of 29,233.33 in the trade witnessed during the sunup.

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