The foreign currency assets rose by $75 million to $291.39 billion
In the preceding four weeks, the currency had gained 3 paise, 29 paise, 39 paise and 3 paise against the Greenback
Consumer Price Index based inflation is peaking off and expected to be around 7.5-8% in Sept
While economists are hopeful about economic recovery, they agree it will take longer
Losses in other Asian units are also hurting the rupee
Today's closing level best since July 30 when rupee closed at 60.06
Is seen in 60.35 to 60.65 range during the session
The rupee gained to 60.33 during the session, its highest since July 31
Traders expect support for the pair at 60.50 levels
Ends at Rs 60.69 compared with previous close of Rs 60.53 per dollar
Is seen in a 60.50-60.75 range for the day
Fresh capital outflows also weighed on the rupee but bullish local equities restricted the fall to a major extent
Volumes in the currency market were low on account of the US Labour Day holiday and following a long-weekend back at home
Gains in domestic share market aid rupee, but mood cautious
Inflation targeting is precisely consistent with the transparency and predictability that the Governor pledged on day one
Friday's GDP data showed that growth accelerated to the fastest pace in more than two years
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation. Next on his agenda: Restoring banks' health
Foreign currency assets, a key component of reserves fell by $783 mn to $291.32 bn
The rupee edged higher by 0.08% in August, snapping a two-month falling trend
Most Asian currencies are trading stronger against the dollar