Domestic Unit Registers Minor Increase vs. Dollar in Morning Deal

February 24 15:47 2015

rup newNew Delhi, Tuesday, February 24 – The local unit logged minor gains in the trade observed today at the Interbank Foreign Exchange market on new offloading of the dollar by exporters and banks. It jumped six paise to be at 62.25 level in opposition to the Greenback.

More to the point, if stances of forex traders are to be cited then the Indian currency was backed by an elevated start in the local stock market with the exception of offloading of the US unit by banks and exporters.

On the other hand, the augments in American currency in opposition to key units out of the country put a ceiling on the rise, the traders added further. “The insignificant rise and fall fashion is assumed to last for next few more days”, anticipated a market analyst.