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Rupee gains 158 paise to 61.80/dollar

Latest News - Thursday, September 19, 2013 7:50:09 AM



The rupee was trading strong by 158 paise at 61.80 against the dollar at 12.14 p.m. local time.The domestic unit gained 158 paise to 61.80 per dollar in the opening trade against the previous close of 63.38 as the US Federal Reserve opted to keep its quantitative easing programme intact at $85 billion a month despite widespread expectations that it would take the first step towards "tapering" it down.According to dealers, the continuation of the quantitative easing programme and easing tensions in Syria have led to a rally in all emerging market currencies.



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