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This is an archive article published on January 7, 2010

Rupee hits 15-month high against dollar

The rupee rallied to its highest level in more than 15 months early on Thursday.

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The rupee rallied to its highest level in more than 15 months early on Thursday on the back of the dollar’s broad weakness globally and tracking gains in other regional currencies.

At 9:03 a.m.,the partially convertible rupee was at 45.75/76 per dollar,off an early high of 45.74,its strongest since Sept. 23,2008,and above Wednesday’s close of 45.85/86.

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