A surge of foreign fund flow into equities has also been helping the Indian rupee in the last few trading sessions. Dealers are hopeful that the currency would continue to gain as ample liquidity in the global system will find its way into Indian equities, leading to a surge in dollar inflows.

Crude oil too has been falling over the last few days, which should provide relief for the Indian rupee in the medium term as bulk of the dollar demand in India is for paying crude imports.

GoodReturns.in