The Indian Rupee on Thursday reached its highest strength in past two months against the US dollar by 70/1 USD.
The inflows from foreign investors in local equity markets and easing of geopolitical tensions and gains in other Asian currencies supported the rupee.
On today morning rupee was traded at a rate of 69.95 dollar.A difference of 0.47% from its previous close.
Foreign institutional investors (FIIs) bought $2.37 billion in equity in February, their biggest purchase since November 2017, according to data compiled by the Securities and Exchange Board of India (Sebi) which made this substantial change.
Most other Asian currencies were trading higher. Malaysian ringgit was up 0.14%, South Korean won 0.12%, Philippines peso 0.11%, Japanese yen 0.05%, Singapore dollar 0.05%. However, Indonesian rupiah was down 0.11%, Taiwan dollar 0.06%.