RUPEE AT 2-WEEK HIGH, BREAKS BELOW 55
DATE: 07/06/2012
MUMBAI: The rupee
strengthened further on Thursday afternoon, breaking below the 55-per-dollar
mark as inflows from custodian banks continued with equity markets staying
firm, while a foreign bank was spotted selling dollars, traders said.
At 1:07 p.m., the partially
convertible rupee was at 54.99/01 per dollar, after hitting 54.9850, its
strongest since May 22 and stronger than its previous close of 55.36/37 on
Wednesday.
Traders said gains in the euro were also boosting sentiment for riskier assets.
Traders said gains in the euro were also boosting sentiment for riskier assets.
POWERED BY: ECONOMIC TIMEWS
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