 "Rupee at 55.12, fourth consecutive gain today")
The rupee strengthened against the dollar on Thursday, heading early to a fourth consecutive day of gains, on the back of sharply higher Asian equities, while the euro held above two-year lows.
On Thursday morning, the partially convertible rupee was at 55.12/14 per dollar, stronger than its previous close of 55.36/37.
[caption id=“attachment_335095” align=“alignleft” width=“380” caption=“The partially convertible rupee was at 55.12/14 per dollar on Thursday. Reuters”]
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The Morgan Stanley Capital International (MSCI) Asia ex-Japan index was up 1.6 percent, while the NSE index at Singapore Exchange rose 1.1 percent.
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Reuters