Tracking strong performance in Indian stocks, the rupee on Monday appreciated 12 paise against the dollar to end at an over six-and-a-half month closing peak of 60.77 buoyed by sustained capital inflows.
Continued dollar selling by exporters also aided the rupee’s upward journey for the second session in a row even as the dollar index was trading up 0.14 per cent against a basket of six major global currencies. At the inter-bank foreign exchange (forex) market, the rupee resumed slightly lower at 60.92 a dollar from last weekend’s close of 60.89.
While it touched a low of 60.93 soon after, a strong recovery mirroring jump in Indian shares pushed the rupee to an intra-day high of 60.6450.
It settled for the day at 60.77, a rise of 12 paise.
Last Friday, it shot up by 45 paise or 0.73 per cent. — PTI