 "Rupee off highs; but still strong against previous close")
The rupee was off highs after hitting a four month high in early trades. But dollar flows from foreign investors ensured that the rupee trade stronger compared with previous close.
At 11:00AM the rupee was trading at Rs 61.12 compared with previous close of Rs 61.44 per dollar. During early trades today it had touched a high of Rs 60.90 per dollar.
According to currency dealers dollar buying from oil marketing companies is present in the market. But dealers also agree that dollar flows from banks and exporters is supporting the rupee.
At 11:00AM the rupee was trading at Rs 61.12 compared with previous close of Rs 61.44 per dollar. During early trades today it had touched a high of Rs 60.90 per dollar.
According to currency dealers dollar buying from oil marketing companies is present in the market. But dealers also agree that dollar flows from banks and exporters is supporting the rupee.