Rupee ends at 4-month high Vs dlr
In active trade at the Interbank Forex mkt, the rupee closed three paise higher at 45.67/68, the level not seen since May 18, 2010, when it closed at 45.59/60.
By PTI |
MUMBAI: The rupee today gained three paise to close at a four-month high against the US currency amid sustained capital inflows, completing five-session of gaining string.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the domestic currency closed three paise higher at 45.67/68, the level not seen since May 18, 2010, when it had closed at 45.59/60.
The rupee opened strong at 45.60/61 a dollar from its overnight close of 45.70/71 and improved further to a high of 45.50 in line with strong equities.
But good dollar demand from importers, mainly oil refiners, and weakness in local equities in late morning deals, put pressure on the rupee and it fell back to a low of 45.82 a dollar.
However, sustained heavy capital inflows, recovery in stocks and weakness in dollar in London today helped the rupee to recover its midsession losses to settle at 45.67/68.
The Indian benchmark Sensex today finished above 20K-mark after January 15, 2008 and was up by 95.45 points. Foreign Institutional Investors (FIIs) pumped in over USD 3.3 billion in the current month till September 20 and nearly USD 16.4 billion in 2010 so far.
The dollar index was down in cautious trade today ahead of the US Federal Reserve's monetary policy meeting later in the day.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the domestic currency closed three paise higher at 45.67/68, the level not seen since May 18, 2010, when it had closed at 45.59/60.
The rupee opened strong at 45.60/61 a dollar from its overnight close of 45.70/71 and improved further to a high of 45.50 in line with strong equities.
But good dollar demand from importers, mainly oil refiners, and weakness in local equities in late morning deals, put pressure on the rupee and it fell back to a low of 45.82 a dollar.
However, sustained heavy capital inflows, recovery in stocks and weakness in dollar in London today helped the rupee to recover its midsession losses to settle at 45.67/68.
The Indian benchmark Sensex today finished above 20K-mark after January 15, 2008 and was up by 95.45 points. Foreign Institutional Investors (FIIs) pumped in over USD 3.3 billion in the current month till September 20 and nearly USD 16.4 billion in 2010 so far.
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The dollar index was down in cautious trade today ahead of the US Federal Reserve's monetary policy meeting later in the day.
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