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Thursday, September 27, 2001

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Rupee ends higher

MUMBAI, SEPT. 26. The rupee ended higher against the U.S. currency today on renewed exporter dollar sales, extending a four-session rally, but trading was mostly shallow and quiet at the inter-bank foreign exchange market.

Closing at 47.8550/8650 a dollar, the rupee gained by another 1- 1/2 paise from Tuesday's finish of 47.87/88 after opening on a firm note at 47.86/87.

The Indian unit rose by an identical margin yesterday. It has appreciated by about 14 paise since the start of its rally on September 20 after depreciating by a whopping 58 paise following the terrorist attacks on the U.S. on September 11.

- PTI

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