Rupee at 4-1/2-month high on strong inflows
Helped by continued inflows on hopes for improved global liquidity
The rupee rose to its highest in four and half months late in the trading session on Thursday, helped by continued inflows on hopes for improved global liquidity.
The rupee rose past 53 to the dollar to 52.99, its highest level since May 10. The local currency closed at 53.01/02.