Rupee is at a 21-month high, thanks to foreign inflows

The rupee reported a rise of 13 paise to stand at fresh 21-month high of 63.98 against the dollar on Thursday amid sustained selling of the greenback by both exporters and banks.

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As per Forex dealers, the rise could be because of weakness that dollar has shown against other currencies overseas as well as robust foreign fund inflows.

It was yesterday that the rupee had surged by 15 paise and closed at 64.11, at a near 21-month strong after August 2015.