Rupee hits one-week high on corporate dollar flows

  • Reuters, Mumbai
  • |
  • Updated: Apr 28, 2014 11:32 IST

The exemption would only protect companies from prosecution by an Indian agency under the proposed law. (AFP photo)


The rupee rises to as high as 60.51, its highest since April 21, after a large infrastructure development company was spotted selling dollars.

The rupee was last trading at 60.58/59, compared with its close of 60.60/61 on Friday after earlier falling to as low as 60.7450.

The infrastructure developer was seen selling dollars for a second straight session, traders said.

Further gains in the pair seen limited ahead of the U.S. Federal Reserve's two-day policy meet beginning Tuesday.

 

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