The rupee strengthened today in thin trade as dollar selling by some foreign banks and slightly better-than-hoped trade numbers aided sentiment.
The partially convertible rupee closed at 62.22/23 per dollar compared with 62.43/44 on Monday. The pair moved in a range of 62.19 to 62.45 during the session.
Trade deficit narrowed in January, helped by a 77 percent drop in imports of gold and silver while exports moved up, improving the outlook for the country's fragile current account balance.
The partially convertible rupee closed at 62.22/23 per dollar compared with 62.43/44 on Monday. The pair moved in a range of 62.19 to 62.45 during the session.
Trade deficit narrowed in January, helped by a 77 percent drop in imports of gold and silver while exports moved up, improving the outlook for the country's fragile current account balance.