India Forex - Rupee rallies to 45.48 per USD on Monday 8 March 2010
Written by admin on March 8th, 2010 in India Forex.
India Monday 8 March 2010 : Extending its rally for the sixth straight session today, the rupee shot up by 13 paise to 45.48 against the US Dollar, as against the previous close of 45.61, on sustained sell-off of the greenback by bankers, traders at the Interbank Foreign Exchange (FOREX) said here.
A week-long rally continued following capital inflows and the surge in equity markets. With the US currency getting weaker against other currencies, it also helped the rupee sentiment. The domestic currency has risen by 92 paise in the last six days, they added.
Later, the local unit was moving in a narrow range at 45.45 and 45.39 per USD in the intra day.