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Our Bureau

MUMBAI, Nov 30

Aided by strong foreign investment flows and a weak trend in the dollar, the domestic currency closed at 44.63/64 against the greenback on Tuesday, 17 paise stronger than its previous close of 44.80/81.

The rupee has appreciated by 40 paise in the past two consecutive sessions alone.

"One-way upward movement of the rupee today was also assisted by withdrawal of dollar buying by State-run banks, perhaps at the behest of RBI, towards afternoon," said a dealer at a private sector bank.

Although, export and import related flows were ordinary through the day, there was panic selling of greenbacks by exporters towards evening as the rupee continued its upward trend, dealers said.

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