The Indian rupee rose for the fifth consecutive session on Wednesday and touched its highest in more than two months, driven by robust dollar inflows and a rise in the euro, though dollar demand from oil importers tempered gains. The rupee ended at 50.3750/3850 to the dollar, after rising to 50.38 -- its highest since Nov. 14. It rose 0.7 percent from its Tuesday's close of 50.73/74. "Sentiment is definitely positive for the rupee and inflows are happening," said Ashtosh Raina, head of foreign exchange trading for HDFC Bank.
Source: Times of India
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