Mumbai, September 27: The rupee today appreciated by 24 paise to end at an over four-month high of 45.01/02 against the US currency on the back of record portfolio investments amid firm equity markets.
Foreign Institutional Investors (FIIs), who were the main driving force behind the rupee rise, bought shares worth a record USD 17.88 billion in the current year till September 24, surpassing last year’s record investment of over USD 17.45 billion.
The Indian benchmark Sensex today ended higher by over 72 points or 0.36 per cent while other Asian peers too closed higher.
The dollar was trading barely stable against its major rivals and the dollar index was down by a mere 0.04 per cent.
At the Interbank Foreign Exchange (Forex) market, the domestic unit opened strong at 45.15/17 a dollar from its last close of 45.25/26 but immediately touched a low of 45.21.
–Agencies