The Indian rupee managed to breach the 45-per-dollar mark and touch a four-and-half month high, on Monday. What is better is that the experts now expect the currency to gain even more.

Rise in the values us the outcome of increasing foreign investor interest in the country and economy along with a booming capital market. News of an array of IPO going to hit the market has also boosted the demand for money.

Data shows that the partially convertible rupee closed at 45.01/02 per dollar after hitting 44.99. It now stands at a position which is 0.5 per cent stronger than May 13 and is the highest rate that it has reached since.

And now the experts believe that more is about to come. They predict that if the 45 level is broken then the Indian currency will hover around 44.65-70 levels.

Meanwhile, since the time Moody's has downgraded the Anglo Irish Bank's debt, there has been a constant fall in the value of the currency. Also there are rising concerns about the banking sector in Eurozone.

This couple with low dollar demand is going to keep the Indian currency up.