Rupee hits one-week high on corporate dollar flows

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

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.

From Around the Web
Sponsored by Revcontent

also read

No TDS For PF withdrawals of up to Rs 50,000 from June 1
Show comments