Rupee hovers near 19 month high

India Infoline News Service | Mumbai |

Rupee was trading at 44.98/99 per dollar at 12:41 p.m.

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%.