Rupee close to day's high; share gains help

Source : REUTERS
Last Updated: Thu, Sep 26, 2013 09:41 hrs
An employee counts currency notes at a cash counter inside a bank in Agartala

Rupee trading at 62.18/19 versus its close of 62.44/45 on Wednesday and close to the day's high of 62.1225.

Traders say gains in the domestic share market also helping sentiment. The Sensex was trading up 0.5 percent.

The Reserve Bank of India late on Wednesday relaxed the minimum maturity tenure for banks' foreign currency borrowings' to one year from three years, in order to use the central bank's swap facility which was set up to support the ailing rupee.

Most Asian currencies also stronger compared to the dollar. See for a snapshot.

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