Millennium Post

Rupee climbs to 52.55 per US dollar

Moving in line with the strong equity market, the rupee shot up to five-month high of 52.55 a dollar this morning due to fresh selling of the American currency by banks and exporters.

Sustained foreign capital inflows coupled with weak dollar overseas bolstered the rupee, which resumed higher at 52.73 per dollar at the interbank forex market.

It firmed up further to a five-month high of 52.55 per dollar, before quoting at 52.68 at 1100 hrs. The rupee last traded at 52.55 on 2 May 2012. Persistent capital inflows from foreign funds in equity market mainly boosted the rupee value, a forex dealer said. The BSE 30-stock index, Sensex, rose 268 points.  

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