Markets | Rupee near a 7-month high on capital inflows
Markets | Rupee near a 7-month high on capital inflows
Mumbai: The rupee traded near a seven- month high as overseas funds added to their biggest monthly investment in the nation’s stocks since October 2007.
The currency is set to gain for a third week against the dollar, extending the biggest monthly advance on record.
The rupee closed at 47.045 per dollar at the close in Mumbai, compared with 47.025 on Tuesday.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!