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This is an archive article published on October 29, 2011

Re posts biggest jump in 11 months

The rupee posted its biggest jump against the US dollar in the last 11 months by gaining 74 paise

The rupee on Friday posted its biggest jump against the US dollar in the last 11 months by gaining 74 paise to close at a one-month high amid signs of fresh capital inflows after a deal to resolve the euro zone debt crisis that sparked an intense dollar selling here. Completing straight three sessions of gains,the rupee settled at 48.76/77,up 1.49 per cent,over its last close on October 25. It posted its largest single session gain since December 1,2010.

 

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