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Rupee at one-month high on capital flow hopes

Rupee at one-month high on capital flow hopes
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First Published: Tue, Mar 25 2008. 09 39 AM IST
Updated: Tue, Mar 25 2008. 09 39 AM IST
Mumbai: Rupee jumped to its highest in nearly a month on Tuesday, as traders took positions anticipating local stocks to track gains in Asian markets, attracting more foreign funds.
At 9:05 a.m., the partially convertible rupee was trading at 40.19/20. It ended at 40.27/28 per dollar on Monday.
Asian stocks traded higher on Tuesday, with Japan’s Nikkei up more than 1 percent.
India’s benchmark share index closed 2% higher on Monday, on hopes of a recovery in battered U.S. credit markets.
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First Published: Tue, Mar 25 2008. 09 39 AM IST
More Topics: Markets | India | Rupee | Dollar | Inflow |