Friday, July 1, 2011

Rupee at near 2-month high tracking shares, Asian peers

MUMBAI: The Indian rupee strengthened to its strongest level in nearly two months on Friday, boosted by gains in domestic shares and other Asian currencies, but the euro's losses versus the dollar may limit very sharp gains.

At 9:49 am (0419 GMT), the partially convertible rupee was at 44.56/57 per dollar, its strongest since May 5. Local shares were up half a percent, taking cues from firm Asian markets, with fears of an imminent default by Greece receding.

toi

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