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Rising for the second straight session, the rupee today strengthened by 8 paise to end at a fresh one-week high of 64.37 a dollar on sustained selling of the US currency ahead of key macro-economic data.
The local currency resumed on a firm footing at 64.35 from last weekend’s close of 64.45 at the Interbank Foreign Exchange (forex) market on the back of dollar unwinding by exporters and some foreign banks.
It gained further ground to hit an intra-day high of 64.31 during the mid-afternoon deals following adequate dollar supplies also well supported by rallying equities.
The home unit finally settled at 64.37, revealing a smart gain of 8 paise, or 12 per cent.
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