Rupee gains 11 paise at 61.93 to the dollar

The rupee continued to exhibit resilience and was trading above the 62 levels mark at 61.93 against the dollar in early trade.

The rupee has now showed signs of strengthening despite the Federal Reserve cutting its QE3 programme by $10 billion. Read all about QE3 here

It was widely anticipated that the rupee would weaken following the Federal Reserve's decision, but, infact it has now shown remarkable resilience.

Dealers say that there could also have been some intervention from the RBI which may have resulted in gains for the Indian rupee.

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