Rupee down 19 paise at 60.32 against dollar
Yesterday, the rupee strengthened by
seven paise to close at 60.13 against the US currency on the back of
a sharp rise in local equities, following a drop in global crude oil
prices.
Meanwhile, the benchmark BSE Sensex rose 58.90 points,
or 0.23 percent, to 25,427.80 in early trade today.
Sensex
moves in narrow range, hovering above 25,400
Mumbai: The benchmark BSE Sensex rose
about 59 points in early trade Wednesday on increased buying by funds
and retail investors amid a mixed trend in other Asian markets.
The
30-share index moved up by 58.90 points, or 0.23 percent, to
25,427.80 with stocks of power, metals, IT, PSUs, capital goods and
realty sectors, leading the gains.
The index had gained 337.58 points in
the previous session as fall in global crude oil prices eased
inflation concerns.
Similarly, the National Stock Exchange
index Nifty was up by 5.25 points, or 0.07 percent, to
7,585.45.
Brokers said buying by funds and retail investors
and covering-up of pending short positions by speculators ahead of
tomorrow's monthly expiry in the derivatives segment, led to the rise
in stock prices.
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