Rupee up 6 paise at 61.25…

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The rupee was trading strong at 61.25 against the dollar at 3.55 p.m. local time on good bouts of dollar selling by banks and exporters as well as rallying equities.

The domestic unit resumed higher at 61.15 per dollar against yesterday’s close of 61.31 at the Interbank Foreign Exchange market.

The rupee moved in a range of 61.16 and 61.27 per dollar during the afternoon trade.

In New York market, the US dollar was trading strong against major rivals in early trade on reports that the European Central Bank is planning to buy corporate bonds.

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