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Rupee rises to 60.07 against a dollar

Posted on Apr 10 2014 | IANS

Mumbai, April 10 : The Indian rupee gained marginally Thursday, reversing two session of losses, on the back of strong flow of foreign money in the stock markets.

The partially convertible rupee ended the day at 60.07 against a dollar, 0.07 paise stronger than its previous day close at 60.14.

The rupee was under pressure earlier in the day due to high demands for the American currency by banks and importers. However, it recovered the losses and ended in the positive as foreign funds pumped money in the stock markets on hopes of a stable government post election.

The rupee touched a low of 60.29 and high of 60.03 against a dollar in the intra-day.

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