Rupee rebounds from weak open, caution prevails

The rupee recovered from a weak open to gain to above 56 to the dollar on Friday, though broader sentiment was weak as the euro fell to a 2-year low, reflecting the worsening euro zone debt crisis and disappointing Chinese manufacturing data.

June 01, 2012 / 09:40 IST

The rupee recovered from a weak open to gain to above 56 to the dollar on Friday, though broader sentiment was weak as the euro fell to a two-year low, reflecting the worsening euro zone debt crisis and disappointing Chinese manufacturing data.

At 9:10 a.m. the partially convertible rupee was at 55.99-56.01 per dollar, stronger than its 56.08-56.09 close on Thursday.

first published: Jun 1, 2012 09:22 am

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