The rupee rose to a five-and-half month high on Thursday, breaching 52 to the dollar, on the back of gains in riskier assets and as the government is expected to announce further reforms measures.
Reuters
The cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a government minister told reporters on Wednesday.
The rupee was at 51.99/52.01 to the dollar at 9.06 a.m. after rising to as high as 51.96 in opening trades. It closed on Wednesday at 52.1550/1650.
Reuters
Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:
Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures
Please do not post comments that target a specific community, caste, nationality or religion.
While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.
Comments will be moderated for abusive and offensive language.
