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Rupee rises to 6-month high of 51.41/dollar

Strong capital inflows and firming trend in equity mkt after govt unleashed second wave of reforms supported rupee

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The today gained 33 paise to nearly six-month high of 51.41 against the in on strong capital inflows and a firming trend in the after the government unleashed second wave of yesterday.

Forex dealers said persistent dollar selling by and and weak American currency against the also kept rupee strong.

The benchmark rose for the fifth day in a row to fresh 15-month high of 19,086.11 in early trade today after the government yesterday decided to open the pension sector to foreign investment and raising cap in insurance to 49% from 26%.

The rupee had gained 42 paise yesterday to close at over 5-1/2-month high of 51.74 against the dollar.

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Rupee down 19 paise to 54.17/dollar

The rupee fell by 19 paise to 54.17 against the American currency in the late morning trade on month-end dollar demand from importers despite weak ...


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