The rupee appreciated by 14 paise to close at a oneweek high of 45.16/17 against the US currency on the back of a smart rally in local equities amid a weak dollar overseas. Fresh capital inflows and sale of dollars by exporters too attributed to the rupee gain. FIIs, once again, turned net buyers and they bought shares worth $269.95 billion on May 26 as per SEBI data. The benchmark six-month forward dollar premium payable in October settled higher at 120-121 paise from 117-119 paise previously. The RBI has fixed the reference rate for the dollar at Rs 45.21 and the euro at Rs 64.40.
Rupee strengthens against dollar
Published on
May 27, 2011 04:33
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