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The Times of India
The Times of India
Business
PTI

Rupee jumps 53 paise to breach 78 level, closes at 1-month high on FII inflows

United States Sugandha Sachdeva US Dollar Mumbai Oil US Federal Reserve

MUMBAI: The rupee rallied 53 paise -- its best single-day gain in over 11 months -- to close at an over one-month high of 78.53 against the US dollar on Tuesday.

Persistent foreign fund inflows into capital markets, softening crude oil prices and a weak US dollar in the global markets boosted the local currency.

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