Advertisement

HindustanTimes Thu,18 Sep 2014

Rupee hits five-week highs

Reuters  Mumbai, September 03, 2014
First Published: 10:42 IST(3/9/2014) | Last Updated: 17:33 IST(3/9/2014)

The rupee rises to as high as 60.33, its highest since July 31.

Last trading at 60.37/38 vs previous close of 60.68/69.

The dollar's fall comes after Ukraine said it has agreed on a ceasefire with Russia.

Traders say the 60.38 level is a crucial support for USD/INR pair.

RBI intervention eyed if the pair falls much beyond that support level.

Gains in domestic shares to record highs also aid sentiment for the rupee. Nifty trading up 0.2%.


Advertisement
more from Business

Rupee plunges 25 paise against dollar in early trade

The rupee fell by 25 paise to 61.17 against the US currency in early trade on Thursday at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved