The rupee rose on Tuesday, tracking stronger domestic shares after foreign investors made their biggest single-day purchase of local stocks in nearly three weeks. The absence of any central bank intervention also helped.
The partially convertible rupee closed at 60.08 to a dollar, compared with 60.19 on Monday.
The gains came after overseas investors bought shares worth $214.42 million on Monday, their biggest single-day buying since June 12. The Reserve Bank of India did not buy dollars on Tuesday, after a recent string of interventions.
The partially convertible rupee closed at 60.08 to a dollar, compared with 60.19 on Monday.
The gains came after overseas investors bought shares worth $214.42 million on Monday, their biggest single-day buying since June 12. The Reserve Bank of India did not buy dollars on Tuesday, after a recent string of interventions.
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