News > Rupee closes at 6-month high on strong inflows, weaker dollar

Rupee closes at 6-month high on strong inflows, weaker dollar

The rupee settled at 82.83, its strongest level versus the US dollar in six months as disappointing American economic data caused the greenback to weaken globally while overseas investors deployed funds in local capital markets. On Tuesday, the rupee had closed at 82.90 per US dollar. Data released on Tuesday after Indian market hours showed that US February Services PMI was lower than market expectations, pushing the dollar index down 0.2%.