<p>Moving in line with the strong equity market, the rupee shot up to five-month high of 52.55 a dollar this morning due to fresh selling of the American currency by banks and exporters.<br /><br /></p>.<p>Sustained foreign capital inflows coupled with weak dollar overseas bolstered the rupee, which resumed higher at 52.73 per dollar, from 53.02 yesterday, at the Interbank Foreign Exchange (Forex) Market.<br /><br />It firmed up further to a five-month high of 52.55 per dollar, before quoting at 52.68 at 1100 hrs. The rupee last traded at 52.55 on May 2, 2012.<br /><br />Persistent capital inflows from foreign funds in equity market mainly boosted the rupee value, a forex dealer said.<br /><br />The BSE 30-stock index, Sensex, rose 268 points or 1.44 per cent to 18,846.96 at 1100 hrs.<br />In New York market, the euro strengthened against the dollar in choppy trading yesterday, after Spain outlined its budget plans to contain deficit.<br /><br />The move is being viewed by investors as a key step towards resolving European Union's overall debt crisis.</p>
<p>Moving in line with the strong equity market, the rupee shot up to five-month high of 52.55 a dollar this morning due to fresh selling of the American currency by banks and exporters.<br /><br /></p>.<p>Sustained foreign capital inflows coupled with weak dollar overseas bolstered the rupee, which resumed higher at 52.73 per dollar, from 53.02 yesterday, at the Interbank Foreign Exchange (Forex) Market.<br /><br />It firmed up further to a five-month high of 52.55 per dollar, before quoting at 52.68 at 1100 hrs. The rupee last traded at 52.55 on May 2, 2012.<br /><br />Persistent capital inflows from foreign funds in equity market mainly boosted the rupee value, a forex dealer said.<br /><br />The BSE 30-stock index, Sensex, rose 268 points or 1.44 per cent to 18,846.96 at 1100 hrs.<br />In New York market, the euro strengthened against the dollar in choppy trading yesterday, after Spain outlined its budget plans to contain deficit.<br /><br />The move is being viewed by investors as a key step towards resolving European Union's overall debt crisis.</p>