Rupee Hits 21-Month High of 64.07 on Sustained Dollar Selling

  • 26-Apr-2017
  • Rupee Hits 21-Month High of 64.07 on Sustained Dollar Selling

MUMBAI, APRIL 26: The rupee appreciated by 19 paise to trade at nearly 21-month high of 64.07 against the dollar at the Interbank Foreign Exchange market today due to sustained selling of the American currency by exporters and banks.

Forex dealers said that apart from dollar's weakness against other currencies overseas, foreign fund inflows and a strong domestic equity market supported the rupee.

On August 11, 2015, the rupee had touched an intra-day high of 64.33.

Yesterday, the rupee had gained 18 paise against the US dollar to end at a near 21-month high of 64.26 on sustained dollar unwinding from exporters and corporates amid positive global cues.

Meanwhile, the benchmark BSE Sensex rose 128.37 points or 0.42 per cent to an all-time high of 30,071.61 in early trade.

Source: Thehindubusinessline.com

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