Date:10/07/2008 URL: http://www.thehindu.com/2008/07/10/stories/2008071056302000.htm

Business

Rupee gains 14 paise at 43.13

MUMBAI: Aided by a downturn in crude prices, the Indian rupee on Wednesday gained 14 paise at 43.12/13 against the greenback on expectations of fresh capital inflows, after a strong surge in domestic stocks markets. The interbank foreign exchange market, however, witnessed dull trade in a range of about eight paise during the day after the rupee resumed firm at 43.12/14 per dollar against its previous close of 43.26/27 a dollar.

The Reserve Bank of India fixed the reference rate for the dollar at Rs 43.13. — PTI