Pushing the momentum through year- end, the rupee on Friday capped off a fabulous 2017 at a fresh four-month high of 63.87 a dollar, rising by a good 21 paise amid bearish dollar sentiment.
This is the highest closing for the home currency since September 8 this year. On year-over-year basis, the rupee appreciated by a whopping 405 paise, or 5.96 per cent, as compared to 2016-end level of 67.92.
The year 2017 gave a massive edge to the Indian currency when compared to its counterparts in other Asian and emerging economies, after a long six-year hiatus. Frantic dollar unwinding by banks
