Keeping its bullish wave intact, the rupee on Thursday soared to a near 20-month high of 64.52, firming up by another 35 paise against the US dollar on massive unwinding of the American currency by exporters amid buoyant growth outlook by the Reserve Bank.
After resuming sharply lower at 65.05 compared to Wednesday’s close of 64.87, the home unit largely traded in a narrow range amid caution ahead of the RBI meet. However, it staged a resounding comeback in later afternoon deals to hit a fresh intra-day high of 64.50 before ending at 64.52, a solid gain of 35 paise.