Thursday, February 23, 2012. 01:42 GMT
 
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News Details Description
 
 
 India: Rupee hits ten months high:'
 

The rupee rose on Monday to hit its highest level in ten weeks aided by dollar inflows into local stocks and debt. The rupee ended 50.09/10 to the dollar, 0.5% stronger than Friday's close of 50.32/33. Foreign funds have invested around USD 3.4 billion in local debt and USD 1.4 billion in equities so far in January. The Reserve Bank of India will review its policy on today, where it is widely expected to underline growth worries and hold repo rate steady.

 


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