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Rupee rises by 13 paise at 54.13 against dollar

Posted on Dec 12, 10:17PM | UNI

The Rupee advanced today by 13 paise to to 54.13 against the US Dollar on renewed selling of US Dollars by banks and exporters, dealers at the inter-bank foreign exchange said.

In the opening trade, the local unit moved up by four paise, till the end of the day, it further gained by 13 paise to close at 53.13 as compared to its previous close.

It registered the day's high and low at 54.34 and 54.16 per USD respectively, with a major oscillation.

The Rupee ended positive for another day today because of weak Dollar against other world currencies. however, negative equity market restricted it from further gains, dealers added.