Rupee hits two-and-a-half months high as inflows surge; RBI not spotted
Updated : March 12, 2019 11:50:11 IST
The rupee rose as high as 69.56 per dollar, its strongest since January 2 and 0.47 percent firmer than Monday's close of 69.89. By 0558 GMT, it was slightly off the session peak at 69.59.
In addition, most exporters bring back their dollars to India towards the end of the fiscal year to settle their annual accounts and repayment of debts which increases inflows.
Published : March 12, 2019 11:49 AM IST