Rupee rallies to two-month high, closes below 72-mark

November 15, 2018 19:29

Continuing its recovery momentum, the rupee vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices.

Dealers said the strength in the rupee was also supported by increased selling of the greenback by exporters and banks.

Globally, dollar and yen gained on Brexit-induced safe-haven buying.

The British pound crashed more than 1.5 per cent after four UK ministers resigned over Prime Minister Theresa May's Brexit deal. The euro, however, climbed to a two-week high. -- PTI

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