Forex Tips For 16 February 2015

Forex Tips

Rupee gains profit, still up by 14 paisa vs dollar 

The rupee pared its early gains profit, but was still bigger by 14 paise against the US dollar at Rs 62.14 in late morning trade today on sustained bouts of dollar selling by banks and exporters. The domestic currency continued bigger at 62.14 as against yesterday's end of 62.31 at the Interbank Foreign Exchange market here. It further strengthened to Rs 62.05 on good bouts of dollar selling from banks before quoting at its opening level of 62.14 at 1100 hours. The local currency levitate in a range of 62.17 to 62.05 per dollar during late morning trade.

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