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Rupee up by 27 paise

| | Mar 04, 2015, at 05:11 pm
Mumbai, Mar 4 (IBNS): The Indian rupee was up by 27 paise to stand at 61.65 against the dollar during early trade on Wednesday.

Rupee made the upward move on a day when the Reserve Bank of India  reduced the repo rate by 25 basis points.


Buoyed by RBI's repo cut, the Sensex crossed the 30,000-mark for the first time and nifty registered a lifetime high level on the same day.

The BSE benchmark sensex, which had been shying away from the 30,000 point threshold for quite some time, surged 431 points to 30,015 while nifty opened 120 points higher at 9,116.

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