MUMBAI: The rupee on Tuesday closed above the 64 mark at 63.84 against the dollar, up 140 paise -- the biggest in two weeks -- as fears of a US military strike on Syria eased amid lower global oil prices.
Banks and exporters preferred to reduce their dollar positions on expectations of additional foreign fund flows into the equity market.
The rupee resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54 at the interbank foreign exchange market. It later bounced back to breach the 64 mark and touch a high of 63.78 before settling at 63.84, a rise of 140 paise or 2.15 per cent.
Banks and exporters preferred to reduce their dollar positions on expectations of additional foreign fund flows into the equity market.
The rupee resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54 at the interbank foreign exchange market. It later bounced back to breach the 64 mark and touch a high of 63.78 before settling at 63.84, a rise of 140 paise or 2.15 per cent.
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