HomeNewsBusinessMarketsRupee rallies to 9-week high as market forward sells dollar

Rupee rallies to 9-week high as market forward sells dollar

The rupee has hit a 9-week high on the back of weakness in the dollar and also due to risk returning to all markets. “A Rs 44.20 at best is what people are expecting,” says Latha Venkatesh of CNBC-TV18

July 05, 2011 / 22:43 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The rupee has hit a 9-week high on the back of weakness in the dollar and also due to risk returning to all markets. The near-resolution of the Greek issue appears to be pushing foreign flows or investor flows into risky assets, including crude.

first published: Jul 4, 2011 06:04 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!