Mumbai: The rupee today
zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar
at the Interbank Foreign Exchange market on hopes of increased capital inflows
after the US Federal Reserve's surprise decision to keep its stimulus programme
intact.
The rupee had settled just a paise lower at 63.38 against the dollar in yesterday's trade.
Traders said besides expectations of increased capital inflows, the dollar's weakness against other currencies overseas, after the US Federal Reserve surprised markets by leaving its massive bond-buying programme unchanged, boosted the rupee's sentiment.
The rupee had settled just a paise lower at 63.38 against the dollar in yesterday's trade.
Traders said besides expectations of increased capital inflows, the dollar's weakness against other currencies overseas, after the US Federal Reserve surprised markets by leaving its massive bond-buying programme unchanged, boosted the rupee's sentiment.
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