Rupee gains for third day, up 28 paise vs USD

BT Online Bureau   Mumbai     Last Updated: March 8, 2013  | 22:47 IST

Continuing its north-bound journey for the third day in a row, the Indian rupee shot up by 28 paise to settle at a fresh more-than one-week high of 54.28 against the USD on bullish local equities amid increased capital inflows.

Sustained dollar selling by exporters and some banks too aided the rupee rally.

The rupee resumed better at 54.52 a dollar from previous close of 54.56 at the Interbank Foreign Exchange (Forex) market and immediately touched a low of 54.56.

However, it later rallied to a high of 54.27 before concluding at 54.28, showing a rise of 28 paise or 0.51 pct.

In three-day of gaining string, it has spurted by 64 paise or 1.17 pct.

The benchmark S&P BSE Sensex on Friday gathered further momentum and rose 269.69 points, largest gains in the year 2013, or 1.39 pct to end at one-month high.

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