Rupee closes at all time high of Rs 39.27

Rupee closed today at a all time high of Rs 39.27 against the US Dollar. Rupee previously closed at Rs 39.27 against the Dollar.

Rupee’s price was the highest since June 1998, the previous high being breached today marked by the high inflows in to the capital markets.

So far this year the Indian Rupee has appreciated more than 12 percent against the US dollar as global investors have moved heavily their investments to India, where the economy is growing about 9 percent annually and the stock market has been climbing to new highs day after day.