<p>The domestic currency rupee on Friday ended at a 2-month high, on the back of positive sentiments prevailing in the market, to 61.08 per dollar as compared with previous close of Rs 61.36 mark.<br /><br /></p>.<p> The appreciation was ascribed to talks between the White House and the Republicans failed to reach an agreement to end the budget crisis in the US.<br /><br />That apart, the World Bank arm International Finance Corporation (IFC) launched India’s first offshore rupee denominated bond issue, which hopes to raise $1 billion, thus helping dollar flows into the country. Also, the government is in talks to gain entry into benchmark indexes, a move that will again help attract dollar flows into the country.<br /><br />The rupee had opened at Rs 61.10 and during intra-day trades touched a high of Rs 61.01 and a low of Rs 61.37 per dollar. The local currency had ended at Rs 60.86 on August 8 against the dollar.<br /><br />Further, the Reserve Bank of India (RBI) on Thursday granted banks permission to borrow from from international/multilateral financial institutions till November 30, which again, is a positive move for the rupee.<br /></p>
<p>The domestic currency rupee on Friday ended at a 2-month high, on the back of positive sentiments prevailing in the market, to 61.08 per dollar as compared with previous close of Rs 61.36 mark.<br /><br /></p>.<p> The appreciation was ascribed to talks between the White House and the Republicans failed to reach an agreement to end the budget crisis in the US.<br /><br />That apart, the World Bank arm International Finance Corporation (IFC) launched India’s first offshore rupee denominated bond issue, which hopes to raise $1 billion, thus helping dollar flows into the country. Also, the government is in talks to gain entry into benchmark indexes, a move that will again help attract dollar flows into the country.<br /><br />The rupee had opened at Rs 61.10 and during intra-day trades touched a high of Rs 61.01 and a low of Rs 61.37 per dollar. The local currency had ended at Rs 60.86 on August 8 against the dollar.<br /><br />Further, the Reserve Bank of India (RBI) on Thursday granted banks permission to borrow from from international/multilateral financial institutions till November 30, which again, is a positive move for the rupee.<br /></p>
