The rupee trimmed early gains against dollar but was still trading higher by 31 paise at 55.63 a dollar on selling by banks and exporters amid persistent capital inflows.

The rupee on Tuesday reversed its four-day string of losses by gaining 53 paise to close at 55.39 as dollar supply outstripped demand in view of the US currency's weakness overseas as EU leaders agree

The rupee on Tuesday gained by a massive 105 paise to close at a nearly six-week high of 54.38 against the US currency on increased capital inflows and offloading of dollars by banks and exporters.

State Bank of India plans to raise at least $500 million through a five-year overseas bond sale as soon as July, two sources with direct knowledge said, potentially reopening the dollar bond market fo

Moving in line with higher equity market and fund inflows, the rupee advanced further by 33 paise to 56.47 against the dollar on sustained selling of the American currency by banks and exporters.

It

The rupee on Thursday rose by a whopping 35 paise to close at 56.80 against the dollar amid hopes that Prime Minister Manmohan Singh who himself has taken over the Finance portfolio will initiate steps to prop up the economy and halt the currency's slide.

The rupee was down 12 paise to 57.14 against the dollar on Wednesday on persistent demand for the American currency from banks and importers.

Besides, the dollar has gained strength against other

A day after swinging wildly following RBI's steps to shore up the rupee, the currency on Tuesday ended flat against the dollar amid alternate bouts of buying and selling of the US currency.

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The weakness in Indian rupee is likely to persist for some time and the home currency is expected to end the year at around 57/USD as the conditions necessary for lifting up the rupee are not in place

Falling for the fourth-day on Thursday, the rupee tumbled to new record low of 56.57 against the US dollar on increased capital outflows from equity markets and rising demand from importers amid the U