Rupee gains 20 paise on strong global cues

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Rupee gains 20 paise on strong global cues
The rupee gained in early trade and was up 20 paise against the dollar on strong global cues. The rupee was last trading at 60.70 against the dollar as against its previous close of 60.90 against the dollar.

Robust foreign fund flows has helped the rupee remain resilient against the dollar in trade. Foreign funds have net bought into the Indian equities to the tune of more than Rs 9,000 crores in the month of March on hopes of a victory for the NDA government led by Narendra Modi.

The rupee has remained remarkably resilient in the last few months, after hitting a lifetime low of 68.81 against the dollar in Sept last year.

Dealers say that the rupee could continue to exhibit strength on the back of robust flows from foreign funds.  Check currency rates here

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