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MOVING UP: The rupee closed at Rs 48.42 against the dollar on Monday.

MOVING UP: The rupee closed at Rs 48.42 against the dollar on Monday.

Rupee firms up against dollar, gold price rise

The Rupee on Monday strengthened by 26 paise against the US dollar in early trade following increased dollar selling by exporters and banks but it gave up all its gains in late trade and ended with a two paise gain only. The rupee depreciated to close at Rs 48.42 against the dollar. Meanwhile, gold prices surged to 11-week high levels by gaining Rs 260 to Rs 13,725 per 10 gram in New Delhi on hectic buying by stockists in line with a firming global trend.

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