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Rupee hits seven-month high, up 20p against US dollar in early trade

Mar 11 2014, 13:38 IST
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Indian rupee appreciated 22 paise to close at 60.85 against the US dollar in the previous session. Indian rupee appreciated 22 paise to close at 60.85 against the US dollar in the previous session.
SummaryIndian rupee appreciated 22 paise to close at 60.85 against the US dollar in the previous session.

The rupee strengthened by 20 paise to trade at over seven-month high of 60.65 against the US dollar today on heavy capital inflows amid a higher opening in the equity market.

Dealers said increased selling of the American currency by banks and exporters also supported the rupee but dollar's range-bound movements against other currencies overseas, limited the gains.

The rupee had appreciated 22 paise to close at an over seven-month high of 60.85 against the US currency in the previous session on heavy capital inflows into equities that surged to a fresh record.

Meanwhile, the benchmark BSE Sensex rose 67.24 points, or 0.30 per cent, to trade above 22,000 level at 22,002.07 in early trade today.

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