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Exhibiting strength against the beleaguered dollar for the fourth straight day, the rupee appreciated by another 6 paise to end at a fresh one-week high of 65.08 on continued selling of the greenback. The overall forex market sentiment received a much-needed leg-up after the minutes from the Federal Reserve’s last monetary policy meeting sounded dovish on rate rise outlook.
At the Interbank Foreign Exchange (forex) market, the home currency opened a tad higher at 65.13 from the overnight close of 65.14. It remained confined in a tight range of 65.04 and 65.15 for most part of the day before ending at 65.08, showing a gain of 6 paise.
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