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Rupee at one-week high as risk appetite returns

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The rupee jumped smartly today and was seen trading at a one month high of 55.32 to the dollar, up 0.44 paise over Friday's close.

 

Strong rally in equity markets across the globe, saw a surge in currencies, with the euro gaining on Friday.

The Indian rupee is likely to rally, along with equity markets. Also, the beginning of the month tends to see lower demand for the dollar, which is likely to support the rupee.

GoodReturns.in

Read more about: currency
Story first published: Monday, August 6, 2012, 10:17 [IST]
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