The premium for dollar weakened further due to sustained receiving from exporters
The benchmark Sensex settled flat at 31,283.72, while Nifty advanced over 19 points to 9,788.60
US Federal Reserve reaffirmed its intention to hike rates in December
Registering its second biggest fall of the year, it concluded the session at 64.81
The report expects inflation to average around 4 per cent over the long term
Expectations of robust capital inflows into equities and debt largely supported the rupee gains
Strong momentum of buying in domestic equities by foreign institutional investors helps the rupee
Strengthening of the rupee is not caused by export boom
Poor countries need the help of cheap currencies to break into export markets