Ru­pee hits one-week high at 65.08

The Hindu Business Line - - BANKING - PTI

Ex­hibit­ing strength against the be­lea­guered dol­lar for the fourth straight day, the ru­pee ap­pre­ci­ated by an­other 6 paise to end at a fresh one-week high of 65.08 on con­tin­ued sell­ing of the green­back. The over­all forex mar­ket sen­ti­ment re­ceived a much-needed leg-up after the min­utes from the Fed­eral Re­serve’s last mone­tary pol­icy meet­ing sounded dovish on rate rise out­look. At the In­ter­bank For­eign Ex­change (forex) mar­ket, the home cur­rency opened a tad higher at 65.13 from the overnight close of 65.14. It re­mained con­fined in a tight range of 65.04 and 65.15 for most part of the day be­fore end­ing at 65.08, show­ing a gain of 6 paise.

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