Rupee gains 30 paise to touch monthly high
· economictimes.indiatimes.com
The Indian rupee closed at 95.38 on Friday, strengthening significantly. Persistent Reserve Bank of India interventions and lower oil prices aided this currency gain. The local unit traded within a narrow range during the trading session. A weaker dollar index also contributed to the rupee's upward movement. Analysts expect continued support for the rupee at lower levels.
The local unit opened at 95.58 on Friday and traded in the range of 95.47 and 95.25. A weaker dollar index at 100.7 on Friday, from 101.2 earlier, also helped b...