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 / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.