Rupee Update: Strong selling interest on the dollar-rupee pair and relatively light demand from importers aided the rupee s gains in early trading, a foreign exchange trader at a state-run bank said.
The US dollar perched near a two-month peak on Wednesday as investors looked to the Federal Reserve chair's speech this week for cues on the path of monetary policy, dollar index , which measures the US currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. Get more Currency News and Business News on Zee Business.
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The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.