Rupee at two-month high against dollar
Thursday, August 6, 2009
, Posted by Prasanth at 1:07 PM
The rupee today touched a two-month high of 47.44 against the US dollar in early trade on increased capital inflows amid expectations that the local bourses would open on a strong note.
At the Interbank Foreign Exchange (Forex) market, the domestic unit appreciated by 19 paise to 47.44 a dollar against its previous close of 47.63.
Forex dealers said increased capital inflows as stock markets are ruling higher and expectations that they would again open on a strong note led to the rise in the local unit.
Weakness in the dollar overseas also boosted rupee sentiment, they said.
The benchmark Sensex yesterday zoomed by 254 points or 1.62 per cent to close at a 14-month high of 15,924.23.
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