The rupee is at 63.35/36 after rising to 63.28, its highest since August 23, and 63.84/85 last close.
Mumbai: The rupee rises to near three-week high as dealers cite corporate inflow related selling. The rupee is at 63.35/36 after rising to 63.28, its highest since August 23, and 63.84/85 last close.
Several dealers cite selling by a large private petrochemical company. Some dealers also cite selling related to possible front-running due to inflows towards Mylan Inc's $1.6 billion deal to acquire a unit of Strides Arcolab Ltd.
Dealer says convincing break of 63.30 means 63 will be next support.
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