Millennium Post

Rupee up 34p to 8-month high of 60.14 per $ on sustained FII inflows

In line with rising local equities, the rupee on Wednesday firmed up by 34 paise to close at an eighth-month high of 60.14 against the dollar on sustained capital inflows. Dollar selling by exporters and some banks also aided the rupee surge, a forex dealer said.

The domestic currency resumed strong at 60.28 a dollar from last close of 60.48. It improved to a high of 60.07 before settling at 60.14, rupee’s highest closing since July 29, 2013. The local currency has gained 120 paise or 1.96 per cent in four straight days of trading.

The Sensex on Wednesday registered its all-time closing high of 22,095.30. Intra-day, it was at historical peak of 22,172.10 points. The NSE Nifty also closed above 6,600 level for the first time at 6,601.40 points. It touched intra-trade record high of 6,627.45 points.
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