Date:15/03/2006 URL: http://www.thehindu.com/2006/03/15/stories/2006031510831700.htm

Business

Rupee posts gains against $

MUMBAI: The rupee on Tuesday turned better against the U.S. dollar on the back of robust inflow of foreign funds along with weak dollar in the global market.

In range-bond trading at the interbank foreign exchange market here, the rupee opened firm at 44.46/48 a dollar against the overnight close of 44.51/52, but later dropped marginally due to some dollar demand and closed at 44.4750/4850, still higher than the previous close.

The dollar fell against the euro and the Japanese yen on Monday ahead of a report on the fourth quarter U.S. current account deficit. — PTI