Rupee hits one-week high on corporate dollar flows

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

A-customer-deposits-cash-at-a-bank-in-Mumbai-Finance-minister-P-Chidambaram-will-present-the-Union-Budget-2013-in-Parliament-on-February-28-AFP-photo

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.