The rupee opened sharply higher by 87 paise against the dollar at 64.37 on renewed RBI measures and strong global sentiments.
Reports of a delayed strike on Syria and falling crude prices also boosted sentiments. Moves by the RBI to allows NRIs to invest in Indian companies also boosted sentiments for the rupee.
The Indian currency has now recorded sharp gains against the US dollar ever since falling to a record low of 68.81 earlier this month.
The rupee has infact staged a smart recovery ever since new RBI Governor, Raghuram Rajan announced a slew of measures to help the battered rupee. Dealers see more gains in the rupee in the days to come.Check rupee rates here
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