Rupee gains 12 paise to Rs 50.20 per dollar

The partially convertible Indian rupee rose by 12 paise at Rs 50.20 per dollar on the Interbank Foreign Exchange today, the rupee sentiment was boosted by selling of dollars by exporters.

The Indian rupee gained confidence after euro and other currencies posted gains against US dollar.

The Indian rupee opened at 50.30 per dollar versus 50.32 on Friday. At 11.15 am IST, rupee was seen trading at 50.20. However, weak trend in domestic market capped the gains.

The domestic currency is expected to move in the range between Rs 50.15 to Rs 50.60 per dollar.

Meanwhile, the BSE was seen trading at 16724.42 down by 14.59 points or -0.09% and the 50-share NSE was at 5045.65 down by 2.95 points or 0.06%.

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