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Rupee bounces back
MUMBAI,
APRIL 11.
The rupee today bounced back smartly against the U.S. currency due to bunched up weekend dollar supplies amidst renewed dollar weakness overseas.
In a generally quiet and range-bound trade at the interbank foreign exchange (forex) market, the rupee closed at 43.71/72 a dollar, a sharp six paise gain from last Friday's finish of 43.76/77.
It opened distinctly firm at 43.73/74 per dollar, reflecting the dollar's renewed weakness against major rivals, mainly the euro. The rupee declined by three paise last Friday. — PTI
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