Mumbai, Nov 29: The Indian rupee extended its morning gains as it is trading at USD 69.96 per dollar mark. This is the first time the rupee has strengthened past 70 a dollar mark in three months.
Gains in the rupee came amid sustained selling of the American currency by exporters and easing crude oil prices.
At the Interbank Foreign Exchange, the rupee opened on a higher note at 70.15 and then gathered further momentum and touched an intra-day high of 69.88, a level last seen on August 27. Dollar index, which compares the movement of dollar against a basket of six major world currencies, fell edged 0.09 per cent lower at 96.58. Most Asian currencies edged higher against the dollar in the morning trade. The domestic currency, which has been among the worst performing Asian currency this year, has gained over 5 per cent so far this month. The domestic currency had strengthened 17 paise to 70.62 on Wednesday. 5 THINGS TO KNOW