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Indian rupee at over one-week high to 60.30 against US dollar

Rupee rose to 60.30/31, a level last seen on April 21, on heavy dollar selling by exporters and corporates.

The Indian rupee rose to its highest in more than a week on Wednesday, on heavy dollar selling by exporters and corporates, traders said.

The rupee rose to 60.30/31, a level last seen on April 21. At 9:17 am, the rupee was at 60.35/36 versus its close of 60.42/43 on Tuesday.

A higher start for local equities also supporting the rupee, traders said.

The market sees the rupee moving in a 60.15 to 60.45 range during the session.

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