<p>Tracking strong performance in Indian stocks, the rupee today appreciated 12 paise against the US dollar to end at an over six-and-a-half month closing peak of 60.77 buoyed by sustained capital inflows.<br /><br /></p>.<p>Continued dollar selling by exporters also aided the rupee's upward journey for the second session in a row even as the dollar index was trading up 0.14 per cent against a basket of six major global currencies.<br /><br />Overseas funds pumped in over Rs 1,465 crore in Indian equities today, helping benchmark indices hit fresh highs.<br /><br />At the Interbank Foreign Exchange (Forex) market, the rupee resumed slightly lower at 60.92 a dollar from last weekend's close of 60.89.<br /><br />While it touched a low of 60.93 soon after, a strong recovery mirroring jump in Indian shares pushed the rupee to a intra-day high of 60.6450.<br /> <br />It settled for the day at 6-1/2-month high of 60.77, a rise of 12 paise or 0.20 per cent. Last Friday, it shot up by 45 paise or 0.73 per cent.<br /><br />The rupee had last closed at 60.77 on August 6, 2013.<br /><br />"I certainly believe ... the economy has stabilised and that is reflected in rupee and stock markets. And going forward, I think, we will see growth numbers also improving," Economic Affairs Secretary Arvind Mayaram said in Delhi.<br /><br />The Indian benchmark S&P BSE Sensex today flared up by 300.16 points, or 1.38 per cent, on hopes the RBI will hold interest rates in its upcoming policy review next month.<br /><br />Pramit Brahmbhatt, CEO, Alpari Financial Services, (India) said: "Rupee appreciated today taking cues from the strong local equities which closed at record highs. The gain was capped by the dollar index which is trading positively."<br /><br />On Friday, the rupee zoomed 45 paise on the back of massive capital inflows linked to the government stake sale in Axis Bank. <br /><br />Experts see FII inflows helping rupee firm up further.<br /><br />"Going ahead, we will track the number of reports due this week from US, euro zone to get further direction," said Abhishek Goenka, Founder and CEO, India Forex Advisors.<br /><br />FIIs picked up shares worth Rs 14.79 crore on Saturday in a special trading, as per provisional data with exchanges. </p>
<p>Tracking strong performance in Indian stocks, the rupee today appreciated 12 paise against the US dollar to end at an over six-and-a-half month closing peak of 60.77 buoyed by sustained capital inflows.<br /><br /></p>.<p>Continued dollar selling by exporters also aided the rupee's upward journey for the second session in a row even as the dollar index was trading up 0.14 per cent against a basket of six major global currencies.<br /><br />Overseas funds pumped in over Rs 1,465 crore in Indian equities today, helping benchmark indices hit fresh highs.<br /><br />At the Interbank Foreign Exchange (Forex) market, the rupee resumed slightly lower at 60.92 a dollar from last weekend's close of 60.89.<br /><br />While it touched a low of 60.93 soon after, a strong recovery mirroring jump in Indian shares pushed the rupee to a intra-day high of 60.6450.<br /> <br />It settled for the day at 6-1/2-month high of 60.77, a rise of 12 paise or 0.20 per cent. Last Friday, it shot up by 45 paise or 0.73 per cent.<br /><br />The rupee had last closed at 60.77 on August 6, 2013.<br /><br />"I certainly believe ... the economy has stabilised and that is reflected in rupee and stock markets. And going forward, I think, we will see growth numbers also improving," Economic Affairs Secretary Arvind Mayaram said in Delhi.<br /><br />The Indian benchmark S&P BSE Sensex today flared up by 300.16 points, or 1.38 per cent, on hopes the RBI will hold interest rates in its upcoming policy review next month.<br /><br />Pramit Brahmbhatt, CEO, Alpari Financial Services, (India) said: "Rupee appreciated today taking cues from the strong local equities which closed at record highs. The gain was capped by the dollar index which is trading positively."<br /><br />On Friday, the rupee zoomed 45 paise on the back of massive capital inflows linked to the government stake sale in Axis Bank. <br /><br />Experts see FII inflows helping rupee firm up further.<br /><br />"Going ahead, we will track the number of reports due this week from US, euro zone to get further direction," said Abhishek Goenka, Founder and CEO, India Forex Advisors.<br /><br />FIIs picked up shares worth Rs 14.79 crore on Saturday in a special trading, as per provisional data with exchanges. </p>