The Indian rupee appreciated on Tuesday, February 02 supported by expectations of foreign interest in a share sale by a state-run firm NTPC and dollar-selling by exporters as the euro edged up against US unit.
The partially convertible rupee settled 0.3% stronger to stand at 46.22/23 against USD than its Monday`s close of 46.37/38. It had an intraday peak of 46.17.
NTPC, India`s largest power producer, opens a follow-on share sale on Wednesday to raise at least USD 1.8 billion. The issue closes on February 05.
Source : myiris.com