Published on Thu, Nov 26, 2009 at 10:54 | Source : Reuters
Updated at Thu, Nov 26, 2009 at 11:30
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Rupee up as dollar falls to 14-yr low versus yen
The rupee rose to its highest in more than a week on Thursday, with sentiment supported by the dollar's weakness overseas, and as traders awaited the opening trade in local shares for cues on fund flows.
The rupee rose to its highest in more than a week on Thursday, with sentiment supported by the dollar's weakness overseas, and as traders awaited the opening trade in local shares for cues on fund flows.
* At 9:15 am, the partially convertible rupee was at 46.21/22, after rising to 46.1350 in early deals, its strongest since November 17, but steady from the previous close.
* The dollar fell to its lowest in 14 years versus the yen, breaking below 87.00 yen and triggering sell orders that also helped send it to a fresh 15-month low on the dollar index.
