Rupee jumps by 15 paise in day's early trade
The India rupee has touched a milestone of clocking a month high price of Rs. 45.55 against the US dollar in the early trade session. According to the experts, the sustained capital inflows from the foreign funds are primarily a major reason for this rise. It is to be mentioned here that the rupee had gained 13 paise to touch a figure of Rs. 45.70/71 against the dollar in the previous session.
A group of forex dealers operating in the Capital also said that the foreign capital inflows into the Indian equities are one of the major reason for the rise in the value of the rupee and for the record, the value is as of the date standing at its highest level since May 18.
However, on the other end, the weakness of the dollar also kept the firmness in the price of the rupee along with other currencies.
It may be noted here that the Sensex crossed the 20,000 mark today by gaining over 130 points in the opening trade today, which is the for the first time in the markets since January 17, 2008.