Indian Rupee Ends at 1-Month High of 63.55/Dollar Friday June 19,2015

 

Rising for the third straight day, the rupee gained another 18 paise to close at its one-month high of 63.55 against the US dollar on sustained selling of the greenback by banks and exporters amid firm stock markets.

Besides, a weak dollar against major world currencies globally after the Federal Reserve signaled it will move gradually once it starts tightening policy, supported the domestic unit.

The rupee resumed higher at 63.68 as against previous closing level of 63.73 at the interbank foreign exchange but eased temporarily to 63.86 in late trade.

The domestic currency finally settled at one month-high of 63.55, a rise of 18 paise, or 0.28 per cent.

The local currency has gained 71 paise, or over 1%, in three days to Friday June 19,2015