Rupee rises to near 6-month high of 51.41

By: admin
Updated: 05 Oct 2012 12:07 AM


Mumbai: The
rupee today gained 33 paise to nearly six-month high of 51.41 against the
dollar in early trade on strong capital inflows and a firming trend in the
equity market after the government unleashed second wave of reforms
yesterday.

Forex dealers said persistent dollar selling by
exporters and banks and weak American currency against the euro also kept
rupee strong.


The BSE benchmark Sensex rose for the fifth day in
a row to fresh 15-month high of 19,086.11 in early trade today after the
government yesterday decided to open the pension sector to foreign
investment and raising FDI cap in insurance to 49 per cent from 26 per
cent.

The rupee had gained 42 paise yesterday to close at over
5-1/2-month high of 51.74 against the dollar.





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