Zee Media Bureau
New Delhi: The Indian rupee ended at its highest closing level since June 13 on Wednesday on the back of heavy dollar-selling by exporters.
Continued capital inflows also helped the rupee rise for the second day in a row.
At the Interbank Foreign Exchange (forex) market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
It later bounced back in line with smart rise in local equities to a high of 59.62 before settling at 59.69, showing a rise of 38 paise or 0.63 percent. It is the biggest gain in absolute term since May 16 when it had risen 50 paise.
The benchmark S&P BSE Sensex today zoomed by 324.86 points, or 1.27 percent, to end at new peak. FIIs picked up shares worth Rs 856.35 crore yesterday.
