Rupee bounces back by 23 paise against USD
The rupee bounced back today by 23 paise to end at 60.42 against US Dollar on selling of the greenback by exporters,the Forex dealers said.
The local unit went up by 8 paise in the opening session at 60.57 against US Dollar. Till the end of the session, it surged by 23 paise to 60.42, as compared to its last close.
The partially-convertible rupee appreciated due to the weakness of Dollar overseas against other major world currencies, however, slide in equity market capped its further gains, they added.
(Posted on 29-04-2014)