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The partially convertible rupee ended at 48.975/985 per dollar, after hitting a high of 48.895 and stronger from last Friday's close of 49.1550/1650.
Volume was low in the domestic foreign exchange market due to holidays in Japan and the United States, traders said.
"Rupee was helped higher by euro, shares and there is a view that it could go to 48.65 in coming sessions. But I have my doubts about it (the rupee's strength) looking at the global situation,"
Volume was low in the domestic foreign exchange market due to holidays in Japan and the United States, traders said.
"Rupee was helped higher by euro, shares and there is a view that it could go to 48.65 in coming sessions. But I have my doubts about it (the rupee's strength) looking at the global situation,"
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The forex market is a cash interbank/interdealer market. In simplest terms, this means the foreign currencies traded in the forex market are traded directly between banks, foreign currency dealers and forex investors wishing either to diversify, speculate or to hedge foreign currency risk. Forex Affiliates Program
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