The rupee on Tuesday rebounded 20 paise to close at a three-month high of 64.04 against the US dollar, building on the momentum gathered after the BJP’s win in Gujarat and Himachal Pradesh assembly polls. The domestic currency had lost 20 paise on Monday to end at 64.24 a dollar, on a day that saw the home unit plunging by as much as 70 paise in intra-day trade. The forex trading sentiment was further bolstered by robust capital inflows and domestic equity indices hitting fresh all-time highs as investors turned optimistic on positive global cues as well.

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