Rupee at 1-month high against $

The rupee on Tuesday recovered 12 paise to close at a one-month high of 66.62 a dollar, following heavy dollar unwinding by banks and exporters amid capital inflows. Expectations of robust capital inflows on the back of fading political uncertainty along with bullish domestic stock markets largely supported the rupee momentum, a forex dealer said. A weak dollar in overseas markets also supported the rupee rally with trade largely driven by cautious expectations.