Millennium Post

Rs rises by 23p to 3-week high of 61.97 per $

The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three week high at 61.97 per dollar on sustained selling of dollars by banks and exporters on the back of good foreign capital inflows amidst lower dollar cues.

Good foreign capital inflows into the equity market impacted the rupee value against the dollar, a forex dealer said.

The rupee resumed higher at 62.06 per dollar as against the yesterday's closing level of 62.20 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to 61.95 per dollar on sustained selling of dollars before ending at 61.97 per dollar, showing a gain of 23 paise or 0.37 pct.
The local currency gained by 34 paise or 0.55 pct in the two days.

The rupee had ended at 61.69 per dollar on February 6, 2015. The domestic currency moved in a range of 61.95-62.08 per dollar during the day.
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