Rupee touches 60 per US dollar after eigth-month gap
28 March 2014 4:52 PM GMT
The domestic unit resumed higher at 60.18 per dollar as against Thursday's closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market.
It firmed up further to a high of 60.00 after eight months, before quoting at 60.02 per dollar, showing a gain of 29 paise.
It moved in a range of 60-60.18 per dollar during morning trade.
The rupee last traded at 59.52 during the intra-day deals on July 30, 2013.
However, in New York, the dollar gained against the euro and other rivals on Thursday as investors bet on the Federal Reserve starting to hike rates before Europe's central bank, which has signalled it could loosen monetary policy soon.
Meanwhile, the benchmark BSE Sensex rose by 58.35 points or 0.26 per cent to 22,272.72 at 1000 hours after touching an all-time high of 22,363.97.
It firmed up further to a high of 60.00 after eight months, before quoting at 60.02 per dollar, showing a gain of 29 paise.
It moved in a range of 60-60.18 per dollar during morning trade.
The rupee last traded at 59.52 during the intra-day deals on July 30, 2013.
However, in New York, the dollar gained against the euro and other rivals on Thursday as investors bet on the Federal Reserve starting to hike rates before Europe's central bank, which has signalled it could loosen monetary policy soon.
Meanwhile, the benchmark BSE Sensex rose by 58.35 points or 0.26 per cent to 22,272.72 at 1000 hours after touching an all-time high of 22,363.97.
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