Rupee up 18 p, ends at 1-wk high

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Press Trust of India: Mumbai, Jan 11 2013, 01:45 IST
Notching up gains for the third straight day, the rupee on Thursday gained 18 paise to end at nearly one-week high of 54.57 against the US currency on continued dollar selling by exporters and some banks, amid weak cues from the overseas foreign exchange market.

Sustained capital inflows also aided the rupee sentiment even as domestic stocks closed stable, said forex dealers. At the Interbank Foreign Exchange market, the rupee resumed stable at its overnight closing level of 54.75 and immediately touched a low of 54.78.

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