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Rupee strides to one-month high

MUMBAI NOV. 7. Overcoming early resistance, the rupee strode to a nearly one-month high against the U.S. currency today, driven-up by robust export and portfolio dollar supplies in fairly active trading at the interbank foreign exchange market.

The domestic unit ended at 45.26/27 a dollar, a sharp four paise gain from Thursday's finish of 45.30/31 after rallying from the early intraday low of 45.31/32. It opened relatively weak at 45.31/32, reflecting the dollar's overseas rebound against major global currencies, prompted by a brighter picture of the US economic recovery. The rupee had last ended at better levels of 45.2550/2650 on October 9. — PTI

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