For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee gains 4 paise at 60.65; hits 3-week high

|

Rupee gains 4 paise at 60.65; hits 3-week high
The rupee continued to notch smart gains in trade with the currency last trading at 60.65 to the dollar. The currency has now hit a 3-week high on robust inflows into the capital markets, particularly debt markets.

The rupee which had hit a lifetime low of 68.86 against the dollar, exactly a year back in August last year, has rallied smartly. A bulk of this is largely on account of capital flows into the stock markets. FIIs have so far invested about $26 billion into the Indian markets. They continue to chase Indian stocks.

 

The rupee is expected to trade in a range in the coming months.

 

GoodReturns.in

Read more about: dollar
Story first published: Thursday, August 21, 2014, 10:49 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X