Rupee gains for 4th straight session against dollar; oil watched
Reuters | Updated On: August 08, 2012 09:32 (IST)
New Delhi: The Indian rupee strengthened to a three-week high against the US dollar tracking positive global risk sentiments. However, traders said high global crude oil prices will continue to weigh.
At 9:12 a.m., the rupee was at 55.02/03 to a dollar after rising to 55, a level last seen on July 18.
It had last closed trading at 55.0650/0750. Oil prices at a 12-week peak continue to weigh and have induced dollar bidding from oil companies, dealers said.
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