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Rupee rallies for 4th straight day, spikes 28 paise

Rupee rallies for 4th straight day, spikes 28 paise

Thursday, March 16, 2017, 9:24 PM

The rupee continued its dream run for the fourth straight session by rising 28 paise to a fresh 16-month high of 65.41 dollar on frantic selling of the US currency by exporters and banks amid dovish outlook by Fed on future rate hikes. Overall sentiment in the forex market was largely optimistic despite the US Federal Reserve hiking interest rate for the third time.
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