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Rupee gains 15 paise
MUMBAI: Overcoming the weakening trend of the past few days, the Indian rupee on Thursday appreciated by 15 paise against the U.S. currency at 39.61/62 in sync with the surge in domestic as well as Asian stock markets amid increased availability of dollar.
The rupee moved between 39.60 and 39.73 at the interbank foreign exchange market.
It had closed at 39.76/77 on Wednesday, its lowest level since November 28 last year.
The rupee premiums on forward dollar also recovered sharply on fresh paying pressure from banks and corporates.
Foreign exchange dealers said anticipation of fresh capital inflows, the key driver for the Indian unit, in view of the rise in equity markets and expectations of foreign institutional investors turning active once again boosted rupee sentiment.
A record FII inflows had pushed the rupee up by about 12 per cent against the dollar last year. — PTI
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