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Rupee advances by 13 paise at 54.55 against dollar

Posted on Dec 05, 08:07PM | UNI

The Rupee strengthened today by 13 paise to 54.55 against the US Dollar on persistent selling of Dollars by banks and exporters, dealers at the inter-bank foreign exchange said.

The local unit rallied by 20 paise in the opening trade.

Till the end of the day, it slightly eased from opening rate, but closed positive at 54.55, up by 13 paise from its last close.

It registered the day's high and low at 54.64 and 54.44 per USD, respectively, with a major oscillation.

With this, the Rupee has surged by 23 paise in couple of days.

The Rupee remained strong for the second day because of weak Dollar and surging trend in equity market, dealers added.