Rupee trades higher ahead of IIP and inflation data

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 Rupee trades higher ahead of IIP and inflation data
The rupee was trading higher at Rs 61.18, up 21 paise over Thursday's close. The currency markets would now await the IIP and inflation data due later today after close of market hours.

The rupee has rallied substantially in the last few trading sessions and is one of the best performing Asian currency in Oct.

In fact, the rupee has rallied from levels of a historic low of 68.81 hit in the month of September. However, a slew of measures from the RBI and better then expected trade data has pushed the rupee higher. Check rupee rates here

Also, global events like the Fed decision not to taper has lifted sentiments for the rupee. Going forward the rupee is likely to trade in a range.

Read more about: inflation, currency, rbi
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