Rupee up by 15 paise

Extending gains for the fourth straight session, the rupee today rose by 15 paise to 54.42 against the dollar at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.

Forex dealers said a higher opening in the domestic equity market and strengthening of euro, which gained 1.5 per cent against the dollar overseas after European Central Bank chief Mario Draghi made upbeat remarks about the euro-zone's economic outlook, supported the rupee.

The rupee had gained 18 paise to close at one-week high of 54.57 against the US currency yesterday.


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Keywords: rupee ,dollar , Interbank Foreign Exchange, market,US currency,exporters ,banks,Forex dealers , domestic equity market ,euro, European Central Bank ,chief Mario Draghi , euro-zone's economic,business news