Ru­pee sees big­gest gain in 6 mths, up 55p at 71.24

The Times of India (New Delhi edition) - - Times Business -

Mum­bai: Snap­ping its two-day fall­ing streak, the ru­pee re­bounded by 55 paise — the most this fis­cal — to fin­ish at 71.24 against the US dol­lar. The six-mon­th­high jump (the last sim­i­lar gain was when the Indian cur­rency spurted by 55 paise on March 18 this year) on Wed­nes­day came as slid­ing crude oil prices eased pres­sure off emerg­ing mar­ket cur­ren­cies. How­ever, un­abated for­eign fund out­flows capped the gain, forex traders said.

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