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.
Copyright @ Thomson Reuters 2012
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.
Copyright @ Thomson Reuters 2012
