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HindustanTimes Wed,20 Aug 2014

Rupee hits one-week high on corporate dollar flows

Reuters  Mumbai, April 28, 2014
First Published: 10:06 IST(28/4/2014) | Last Updated: 11:32 IST(28/4/2014)

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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