Rupee breaks below 55/dlr; hits 2-wk high | business | Hindustan Times
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Rupee breaks below 55/dlr; hits 2-wk high

business Updated: Jun 07, 2012 13:25 IST

Reuters
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The rupee strengthened further on Thursday afternoon, breaking below the 55 per dollar mark as inflows from custodian banks continued with equity markets staying firm, while a foreign bank was spotted selling dollars, traders said.

At 1:07pm, the partially convertible rupee was at 54.99/01 per dollar, after hitting 54.9850, its strongest since May 22 and stronger than its previous close of 55.36/37 on Wednesday.

Traders said gains in the euro were also boosting sentiment for riskier assets.