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 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Rupee recovers by 22 paise VS dollar in early trade
December, 14th 2010

The Indian Rupee recovered by 22 paise against the US dollar in the morning trade, on back of dollar's weakness overseas amid firm equity market.

Banks and exporters preferred to sell dollar at current level following persistent fall in dollar value in the New York market.

At the Interbank Foreign Exchange (Forex) market, the local unit opened higher at 44.94/95 a dollar from its last close of 45.14/15 and firmed up further to 44.92 per dollar before quoting at 44.99/45.01 per dollar at 1030 hours.

The Indian benchmark Sensex opened 54 points high in the early trade.

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