Rs ends at over one-week high of 61.27 against $

Extending gains for the fourth straight day, rupee on Wednesday closed four paise up at over one-week high of 61.27 against the Greenback, amid fag-end dollar demand that erased some gains for the local currency. Fresh capital inflows and a rally in stocks helped the rupee rise. The dollar index was last trading almost stable against its major global rivals in overseas markets. FIIs bought shares worth USD 18.85 million Tuesday, as per Sebi data.

Pramit Brahmbhatt, Veracity Group CEO, said, ‘Rupee continues to trade strong tracking the gains in local equities. The trading range for the spot rupee is expected to be within 60.80 to 61.80.