MUMBAI, SEPTEMBER 30, 2015: The rupee strengthened by 38 paise to 65.58 against the US Dollar as exporters and banks stepped up dollar sales amid aggressive policy measures from the RBI.
Strong rally in equity markets and softening dollar sentiment overseas too aided the home currency.
The domestic currency resumed firmly higher at 65.87 per dollar compared to overnight closing level of 65.96 at the Interbank Foreign Exchange market on persistent selling of dollars by banks and exporters.
Riding higher on strong overall bullish sentiment, rupee strengthened further to close at day’s highest level of 65.58, showing a smart gain of 38 paise.
The RBI fixed the reference rate for the dollar at 65.74 and for the euro at 73.79.
The rupee hardened against the pound sterling to finish at 99.58 from Tuesday’s close of 100.00 and recovered against Euro to end at 73.51 compared to 74.03 earlier.
It also recovered against the Japanese currency to settle at 54.52 per 100 yen from 55.03 yesterday.
