Rupee gains ahead of Spain bail out

The rupee gained on Monday, tracking gains in Asian stocks and currencies after eurozone agreed to provide aid to Spain’s banks, relieving markets that had feared for the country’s finances.

[caption id=“attachment_338657” align=“alignleft” width=“380” caption=“On Monday morning, the rupee was at 55.18/20 per dollar versus its 55.42/43 close on Friday.”] [/caption]

On Monday morning, the rupee was at 55.18/20 per dollar versus its 55.42/43 close on Friday.

Reuters