Rupee at 25-month high vs dollar on strong capital inflows - The Times of India
MUMBAI: The rupee on Thursday strengthened by 30 paise to close at a 25-month high against the US currency on selling of dollar by banks and exporters in view of sustained capital inflows into the equity markets.
Banks and exporters preferred to reduce their dollar position at the current stage in view of weakness of dollar in the global market, dealers said.
Persistent capital inflow by foreign funds into equity markets also affected the dollar value, they added.
At the Interbank foreign exchange ( forex) market, the rupee closed 30 paise higher at 44.19/20. The rupee was last traded at 44.12 on September 8, 2008.
Read more: Rupee at 25-month high vs dollar on strong capital inflows - The Times of India http://timesofindia.indiatimes.com/business/india-business/Rupee-at-25-month-high-vs-dollar-on-strong-capital-inflows-/articleshow/6707394.cms#ixzz11hcvFkWA
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