The rupee gained 7 paise against the dollar to trade at 60.01 as against its previous close of 60.08. The rupee has been rallying on the back of strength in equities and on the back of strong dollar inflow from foreign funds.
Dealers say that the rupee will continue to gain against the dollar as global cues continue to remain strong.
The Reserve Bank of India on Wednesday adjusted debt investment limits for various kinds of foreign investors, allowing medium-term investors to invest an additional $5 billion, while reducing by the same quantum the limits for long-term investors in government bonds. Check rupee rates here
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