Rupee hits one month high against dollar; trades at Rs 61.56

Published: Monday, January 13, 2014, 10:09 [IST]

INR

83.550

The rupee hit a one month high against the UD dollar and was last trading at 61.56, a gain of 35 paise over Friday's close.

According to dealers sentiments turned positive after weak US non farm payrolls data raised hopes that the Fed would not taper its QE3 programme any further at its forthcoming policy meet later this month. Read more on QE3 here

Sentiments also turned bullish across the stock markets with the Sensex surging more then 200 points in trade. Dealers say that sentiments could be shortlived and we could see the currency turn weaker, if inflation data due later at 5.30 pm today disappoints. Check latest currency rates here

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Story first published: Monday, January 13, 2014, 10:09 [IST]

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