The Rupee bounced back by 54 paise to close at an almost two-month high of 61.39 against the dollar amid sales of the United States currency by exporters, firm equities and capital inflows.

The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market. The dollar had shown strength on expectations that the U.S. lawmakers will reach an agreement on the debt ceiling and prevent a default. — PTI

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