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

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.
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