UwidoNews

The Indian rupee rose to fresh two-month highs in afternoon session on Monday helped by broad weakness in the dollar versus major units but a further rise was limited by lower domestic shares.

The Indian rupee climbed to one-year highs on Wednesday buoyed by the dollar's broad-based fall and a stronger start to the stock market that could trigger more capital inflows.

The Indian rupee gained for a third consecutive session on Tuesday rising to a fresh two week high as exporters sold dollars on expectations the rupee was going to rise further in the coming sessions.

The Indian rupee appreciated by 22 paise in early trade today on expectations of fresh capital inflows by capital funds as stock market may open higher, tracking firming trends on other Asian equity markets.

he Indian rupee on Tuesday surged by another 32 paise to 48.76 against the greenback in morning trade in tandem with a strong rally in stocks amid steady dollar overseas.

The Indian rupee nudged higher on Wednesday as traders unwound long dollar positions, with the U.S. unit easing against majors.

The Indian rupee rose to its highest level in 1-½ months on Monday as early gains in local shares raised expectations of capital inflows that would support the currency, with sentiment also underpinned by gains in other Asian currencies.

The Indian rupee is set to extend its gains in the remainder of 2009 after rising sharply this week following the ruling Congress-led coalition's decisive victory in the elections, a Reuters poll showed.

The rupee today depreciated by 10 paise to 46.63 a dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings.