Rs climbs 20p to near 2-1/2 year high of 63.48 per $

Rs climbs 20p to near 2-1/2 year high of 63.48 per $Mumbai: The rupee shot up to end at a nearly 2-1/2 year high of 63.48, surging by 20 paise against the US dollar as the bullish momentum continued strongly for the fourth-straight day driven by upbeat hopes on macro front. Extremely bearish greenback sentiment has been one of the key factors driving the rupee higher at this juncture. Besides, heavy dollar unwinding by speculative traders and exporters further supported the strong run-up to its multi-year highs.

This is the best closing for the home currency since July 17, 2015 when it had closed at 63.47.