Rupee gains 4 paise at 60.65; hits 3-week high

Posted By:

Rupee gains 4 paise at 60.65; hits 3-week high
The rupee continued to notch smart gains in trade with the currency last trading at 60.65 to the dollar. The currency has now hit a 3-week high on robust inflows into the capital markets, particularly debt markets.

The rupee which had hit a lifetime low of 68.86 against the dollar, exactly a year back in August last year, has rallied smartly. A bulk of this is largely on account of capital flows into the stock markets. FIIs have so far invested about $26 billion into the Indian markets. They continue to chase Indian stocks.

The rupee is expected to trade in a range in the coming months.

Read more about: dollar
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?