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 $4 on Thursday amid sustained selling of the greenback by both exporters and banks.

Also read: $4

As per Forex dealers, the rise could be because of weakness that $4 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 $4 after August 2015.