The rupee sentiment was also helped by Mukherjee’s announcement of increased borrowing in the next fiscal, forex dealers said.
They further said there was a mad rush to buy the rupee anticipating a debut supplies flooding the market. Dollar selling by banks and exporters too boosted the rupee sentiment in morning deals, they added.
The rupee premium for the forward dollar ended slightly better on sustained paying pressure from banks and corporates.
Press Trust of India
Published 26 February 2010, 17:01 IST