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Smart rally in rupee
MUMBAI,
DEC. 28.
Rallying smartly against the U.S. currency on the back of strong bunched up dollar supplies from the long Christmas holidays overseas, the rupee today gained a steep 14 paise to close at 43.71/72 a dollar.
In mostly quiet and range-bound trading at the interbank foreign exchange market, the rupee opened distinctly firm at 43.76/78, hit the day's peak of 43.70/71, before settling at 43.71/72 with sentiment remaining positive for further gains, dealers said. The rupee ended at 43.85/86 yesterday.
— PTI
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