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Wednesday, 26 June 2013

The currency closed at 1 US $= 60.7150 INR

  • Wednesday, 26 June 2013
  • Harmeet Saini
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  • Rupee gains, off record low as current account deficit narrows




    The rupee gained on Thursday, backing off from a record low hit in the previous session, as the country's current account deficit narrowed in the January-March quarter, easing some concerns about the funding of the deficit.


    The rupee rose to 60.36/38 to the dollar at 9:00am, recovering from a record low of 60.76 hit on Wednesday.

    The currency closed at 60.7150/7250 in the previous session.

    The current account deficit narrowed to $18.1 billion in January-March versus a $21.7 billion deficit in the same quarter year ago.



    Source :http://www.hindustantimes.com

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