Rupee climbs to 5-week high on dollar inflows, breaches key level

The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets.
 

The rupee closed at 79.1475 per U.S. dollar, compared with the previous close of 79.5225, notching up its best session this month.
 

The local currency reached 79.0350 around the middle of the session, its highest level since Aug 5. By comparison, the Chinese yuan and the Indonesian rupiah were barely changed.
 

A trader at a Mumbai-based state-run bank said the rupee managing to open above the key 79.40 level was an additional trigger for the