The rupee gained 40 paise to close at 15-month high of 45.84/85 against the US currency on the back of heavy dollar selling by corporates.
Rallying for the third day in a row, the local currency broke the psychological 46-mark amid tepid activities in stock markets. However, stocks have been rising for past four days indicating fund inflows which boosted the rupee sentiment.
According to forex dealers, heavy dollar sales by corporates and exporters mainly helped the rupee rally.
Wednesday, January 6, 2010
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