Mumbai : The rupee on Tuesday logged this year’s biggest single day gain of 57 paise to close at a nearly three-week high of 67.85 against the American currency on fresh selling of dollars by banks and exporters in view of sharp recovery in the domestic equity market. Weakness of dollar in the overseas market also boosted the rupee value against the dollar, a forex dealer said.
The rupee resumed higher at 68.27 from Monday’s closing level of 68.42 at the Interbank Foreign Exchange Market (Forex) here today and shot up further to close at 67.85 on sustained selling of dollars, disclosing a gain of 57 paise or 0.83%.
It has gained by 87 paise or 1.27 per cent in three days. It hovered in a range of 67.85 and 68.36 per dollar during the day. Meanwhile, the dollar index was up by 0.18% against a basket of six currencies in late afternoon trade. The yen was stronger against rival currencies in Asia trade today, hitting a fresh three-year high against the euro, as investors sought safety following downbeat economic reports from the eurozone and the US.
