Mumbai : Driven by strong capital inflows and rising appetite for Indian stocks, the rupee on Friday rallied 77 p or 0.09% to close at a near 11- week high of 49.32 against the American dollar. It had last touched 49.
10/ 11 on November 4, 2011. The currency has appreciated 1.4% this week.
According to data released by SEBI, foreign institutional investors have pumped in a total nearly $ 1.79 billion in equities and $ 3.2 billion in debt markets till January 25, helping the local currency to breach the sub- 50- mark.