Rupee strengthened to its highest level in nearly 19 months on Monday as the dollar's broad drop against major currencies and gains in the domestic sharemarket boosted sentiment.
At 12:41 p.m. rupee was at 44.98/99 per dollar, its strongest since Sept. 10, 2008 and up 0.55% on the day.
The index of the dollar against six major currencies was down 0.5%.
India Infoline Research Team / 08:49, Aug 21, 2014
The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.