The rupee is down 0.22% till date this year, while FIIs have bought $6.09 billion in equity and sold $1.07 billion in debt markets. Photo: Pradeep Gaur/ MintMumbai: The Indian rupee on Wednesday hit a fresh four-month high against the US dollar on continued buying interest from foreign institutional investors (FIIs) in the local equity markets. The rupee opened at 66.34 per dollar and touched a high of 66.33, a level last seen on 3 May. At 9.12am, the home currency was trading at 66.34 per dollar, up 0.28%, from its previous close of 66.53. The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.8, down 0.03% from its previous close of 94.823.

Source: Mint September 07, 2016 04:07 UTC