Rupee hits one-week high in trade
The rupee was trading at 62.23/24 after hitting a one-week high of 62.15
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<a href="http://www.shutterstock.com/pic-95113372/stock-photo-a-pile-of-notes-and-coins-in-indian-currency.html" target="_blank">Currency</a> image via Shutterstock
The rupee was trading at 62.23/24 after hitting a one-week high of 62.15 earlier in the session and weaker than its close of 62.50/51 on Tuesday.
The euro hit its highest in four years against the yen and rose versus the dollar after German Chancellor Angela Merkel's conservatives reached a deal with the Social Democrats on forming a grand coalition.
Traders said good dollar selling seen from foreign banks but dollar demand from oil firms helped limit a further sharp fall in the USD/INR pair.
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First Published: Nov 27 2013 | 4:23 PM IST