Rupee strongest in ten days, rises to 55.65

Mumbai The rupee strengthened to its highest in more than a week on Monday, tracking a slight revival in risk-taking in other Asian markets, but dollar purchases from oil firms is expected to limit sharp gains.

[caption id=“attachment_332444” align=“alignleft” width=“380” caption=“BSE index was up 0.5 percent in pre-open trade on Tuesday. Reuters”] [/caption]

On Tuesday morning, the partially convertible rupee was at 55.39/40 per dollar, after earlier hitting 55.25, its strongest against the dollar since May 25 and above its previous close of 55.65/66.

The MSCI Asia ex-Japan index was up 1.1 percent, while the BSE index was up 0.5 percent in pre-open trade.

Reuters