Rupee rises further to 60.20 per dollar

The partially convertible rupee trades at 60.20 per dollar, up 0.46% from its previous close of 60.48

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So far this year, the rupee has gained 2.65% against the dollar. Photo: Pradeep Gaur/Mint

Mumbai: The Indian rupee on Tuesday opened higher against the dollar, its highest level in eight months, on expectations of more foreign fund flows.

At 9.08am, the domestic currency was trading at 60.2 per dollar, up 0.46% from its previous close of 60.48.

So far this year, the rupee has gained 2.65% against the dollar, while foreign institutional investors have pumped in $2.8 billion in the local equity markets.

Yield on the 10-year benchmark bond is trading flat at 8.78% compared with its last close of 8.789%. Bond yields and prices move in opposite directions.

NAME- RAJ GAURAV    PGDM 2 SEM