Indian Rupee rose for the fifth day as domestic share markets surged. Rupee was at 50.30 in the morning and has slipped to 50.53 as the share market slipped.
The previous week, rupee rose 1.7%, its biggest rise since the week ended on Dec 19, 2008 and was up 2.3% in the morning in the last 5 days.
Weakness in US $ overseas helped the rupee. but a slower Indian economy and elections in Apr-May 2009 will prevent any sharp rally in Rupee.
The previous week, rupee rose 1.7%, its biggest rise since the week ended on Dec 19, 2008 and was up 2.3% in the morning in the last 5 days.
Weakness in US $ overseas helped the rupee. but a slower Indian economy and elections in Apr-May 2009 will prevent any sharp rally in Rupee.
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