Rupee rises riding on equity wave

posted by   ruchir (1089)   9 months ago (dailynews-malas.blogspot.com)

Mumbai, November 19: - The rupee rose Monday on expectations that buoyancy in local equities would accelerate capital inflows, but traders were wary of possible central bank intervention to check the unit's gains.At 10 a.m., the partially convertible rupee was at 39.28/29 per dollar, up nearly 0.1 per cent from 39.32/33 at the previous close.