PT:Rupee surrenders initial gains vs dollar, steady at 54.26
Mumbai, Dec 12 (PTI) The Indian rupee surrendered its earlier gains and ruled steady at 54.26 against the American currency in the late morning trade Wednesday on mild dollar demand from banks despite weakness of dollar in overseas market.
The rupee resumed lower at 54.29 per dollar as against the last closing level of 54.26 per dollar at the Interbank Foreign Exchange (Forex) market. But firmed up immediately to 54.
