Mumbai, Oct 8 (PTI) Maintaining its gaining streak for the fifth straight session, the Indian rupee today gained another 32 paise against the US currency as dollar continued to be battered in foreign markets.
Corporates and exporters continued to sell the US currency even as speculations were rife that the Reserve Bank may signal interest rate hike as the central bank is confronted with the issue of capital inflows amid a rising food inflation.
The rupee ended at 46.34/35 a dollar.
Forex dealers said dollar is being offloaded amid sustained capital inflows as the US currency is weak against its European and Asian rival currencies.
Marginal recovery in the local equities amid expectations of increased portfolio inflows too helped the rupee to rise.
Source : PTI