Indian rupee hits 8-month high against US dollar

Written by Reuters | Mumbai | Updated: Mar 26 2014, 15:17pm hrs
Indian rupeeIndian rupee closed at 60.48/49 against United States dollar on Tuesday
The Indian rupee strengthened to its highest level in eight months on Wednesday morning, helped by hopes of continued foreign fund inflows while gains in other Asian currencies also underpinned sentiment.

The partially convertible rupee trading at 60.18/19 per dollar at 9.06 a.m. compared with its close of 60.48/49 on Tuesday and after hitting 60.17, its highest since July 30.