Rupee ends strong on sustained dollar selling
Indian rupee trimmed some of its early gains but still managed to end higher against the American currency on Monday, on continued dollar selling by banks and exporters. This is the second consecutive session when the rupee is traded higher against dollar. Traders remained optimistic with Niti Aayog’s statement that India has good prospects of achieving over 8 percent growth within 2-3 years and the chances of massive cut in the poverty rate in the upcoming decade are excellent. Besides, firm...
