Rupee at six-month high against dollar

Gained 0.81% on Thursday to end at 51.745 on the back of a strong equity market, increased foreign fund flows
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First Published: Fri, Oct 05 2012. 12 42 AM IST
The rupee touched an intraday high of 51.663 a dollar, a level last seen on 18 April. 

Photo: Mint
The rupee touched an intraday high of 51.663 a dollar, a level last seen on 18 April. Photo: Mint
Updated: Fri, Oct 05 2012. 12 44 AM IST
New Delhi: The rupee gained 0.81% on Thursday from its previous close to end at 51.745 a dollar on the back of a strong equity market and increased foreign fund flows. It touched an intraday high of 51.663 a dollar, a level last seen on 18 April.
photo
Analysts expect the rupee, which had weakened to a lifetime low of 57.30 per dollar in June, to extend its gains.
From mid-September, the Indian unit has gained 7.09% against the dollar, wiping out its 4.24% loss from the beginning of the year. Since January, the currency is now up 2.55%.
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First Published: Fri, Oct 05 2012. 12 42 AM IST
More Topics: Rupee | dollar | currency |
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