Rupee gains

The rupee gained against the dollar for the second consecutive day on Thursday, as banks have sufficient stock of the foreign currency to meet import payments demand.

The rupee ended at 104.69 from the previous day’s close of 104.71 in the interbank foreign exchange market.  The interbank foreign exchange market opened in the band of 104.65 and 104.69. In the open market the dollar buying and selling recorded at 104.75/104.95.