Rupee stays on high road, gains 20 p

The Indian rupee on Wednesday appreciated for the third straight session to touch Rs 55.36 against the American dollar in the wake of a stronger risk appetite and jump in domestic equities.

The Indian rupee on Wednesday appreciated for the third straight session to touch Rs 55.36 against the American dollar in the wake of a stronger risk appetite and jump in domestic equities. The rupee remained high on back of a mild recovery in risk demand, say industry experts. The rupee had touched a record low at Rs 56.52 last fortnight, sparking fears that it might well sink to Rs 57 against the dollar. On Wednesday, it opened at Rs 55.44 against the dollar before touching Rs 55.33, its highest in six sessions.

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