Rupee hits fresh 9 year high of Rs 39.28 against Dollar

Indian Rupee yet again closed up at Rs 39.28 against US Dollar which is a new 9 year high on Thursday. Rupee Closed yesterday at Rs 39.31 .

Rupee appreciation is clearly based on the capital inflows into the Indian equity markets where the stock markets are reaching a fresh highs day after day.

The commerce ministry has under taken a survey regarding the impact of Rupee appreciation on Indian exports and local industries.