Re rises to 9-mnth closing high of 59.68 vs USD

Posted on May 14 2014 - 12:05am by IBC News

Mumbai, May 13 Tracking rising stocks, the rupee on Tuesday surged 37 paise to end at a nine-month high of 59.68 against the dollar on robust foreign capital inflows into equities after exit polls projected BJP-led NDA would form the next government at the Centre.

Weakness of the dollar in the New York market also boosted the rupee that posted its strongest gain against the dollar in two weeks, a forex dealer said.