| Date: |
18-01-2013 |
| Subject: |
Rupee gains 28 paise against US dollar to 54.10 |
|
Indian rupee gained against the greenback in morning trade on Friday. Rupee was up by 0.28 paise or 0.52% against USD to Rs 54.10 compared to previous close of 54.39 (09.25 a.m.).
``Indian rupee strengthened on government's decision to partially deregulate diesel prices which will help bring down the huge fiscal deficit due to lower diesel subsidy bills. The rupee was also supported by a positive euro as signs of recovery in US eased the dollar and increased the risk appetite for investors. Indian rupee is expected to be stronger today as boost in equity markets backed by gains in state run oil companies after the diesel news can also support the rupee,`` said Emkay Global Financial Services.
In the spot market, the Dollar Index increased 0.06% to 79.69 (22:44 ET).
Euro - USD was trading at 1.33 up 0.02% while USD - Japanese Yen was trading at 89.92 up 0.04% (22:52 ET).
At 09.26 a.m., the Sensex was trading up 128.91 points or 0.65% at 20,092.94 with 22 components gaining. Meanwhile, the Nifty was trading higher by 36.10 points or 0.60% at 6,075.30 with 33 components gaining.
Source : myiris.com
|