Rupee at near 2-month high in morning trade
Dealers say improving economic sentiments helping rupee
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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 strengthened to near two-month high in morning trade due to dollar flows from custodian banks.
At 10:40 am, it was trading at Rs 61.34 compared with previous close of Rs 61.53 per dollar.
"If the rupee breaks the Rs 61.25 mark, I see it strengthening further during the day," said a currency dealer.
The rupee is also appreciating as economic sentiments are improving in India, said dealers.
At 10:40 am, it was trading at Rs 61.34 compared with previous close of Rs 61.53 per dollar.
"If the rupee breaks the Rs 61.25 mark, I see it strengthening further during the day," said a currency dealer.
The rupee is also appreciating as economic sentiments are improving in India, said dealers.
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First Published: Jan 17 2014 | 10:45 AM IST