Rupee appreciates by nearly 30p during week

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Mumbai, Sep 15: Sustained capital inflows and good buying trend has hugely supported Rupee's pace last week, pushing it up further by nearly 30 paise.

Rupee settled high at 40.44/46 per dollar on Friday far ahead of its opening mark of 40.74/75 per dollar at which it opened on September 10, leaving investors vigilant about the regulator's intervention on the appreciating unit.

Rupee hovered in tight range in most sessions after Tuesday and also stood correlated with the Sensex margins which went up marginally by 190.2 points to end at 15603.80, as compared to its opening figure of 15413.58 on Monday.

Rupee is likely to appreciate further in the week ahead if inflows continue to be strong and if Reserve Bank favours Rupee's appreciation, dealers said.

Call rates slightly went up during the period to end at 6.10 per cent as against Monday's opening mark of 6.00-6.05 per cent.


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