Re Hits 3-1/2 Month High, Up 11 P to 66.71

The Economic Times - - Companies: Pursuit Of Profit -

The ru­pee strength­ened fur­ther to end at a fresh 3-1/2 month high of 66.71, ap­pre­ci­at­ing by 11 paise on the back of sus­tained sell­ing of the US dol­lar by ex­porters and banks. A large uptick in for­eign cap­i­tal in­flows along with unwinding of long-dol­lar po­si­tions by spec­u­la­tive traders sup­ported the highly bullish up­move. This is the high­est clos­ing since Novem­ber 10, 2016. The ru­pee re­sumed firmly higher at 66.75 from last Thurs­day’s clos­ing of 66.82 and gained fur­ther ground to hit an in­tra­day high of 66.6450 be­fore end­ing at 66.71. — PTI

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