Host of positive factors lifted the rupee for the third day in a row and logged its more-than two-month closing high of 61.71, up by 16 paise, against the Greenback.
Continued capital inflows in booming local equities amid sustained dollar selling by exporters and some banks also helped the rupee rise.
Weak US dollar overseas, however, could not able to stem the rupee surge as the dollar index, consisting of six major global rivals, was down by 0.15 per cent.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed strong at 61.60 a dollar from previous close of 61.87 and immediately touched a high of 61.58.
Later, it met with resistance and fell back to a low of 61.7975 on some profit-booking in local equities and lower American overseas. It closed at 61.71, exhibiting a rise of 16 paise or 0.26 per cent. In straight three sessions, it has shot up by 51 paise or 0.82 pct.
Continued capital inflows in booming local equities amid sustained dollar selling by exporters and some banks also helped the rupee rise.
Weak US dollar overseas, however, could not able to stem the rupee surge as the dollar index, consisting of six major global rivals, was down by 0.15 per cent.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed strong at 61.60 a dollar from previous close of 61.87 and immediately touched a high of 61.58.
Later, it met with resistance and fell back to a low of 61.7975 on some profit-booking in local equities and lower American overseas. It closed at 61.71, exhibiting a rise of 16 paise or 0.26 per cent. In straight three sessions, it has shot up by 51 paise or 0.82 pct.
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