Rupee raises again to 9 year highs closes at 39.66 vs Dollar

Rupee touched a nine-year high of Rs 39.62 today on positive Asian cues , the partially convertible rupee opened today  at a high of Rs 39.62, its strongest since April 1998 and later eased of to trade at Rs 39.66 vs Dollar.

Trade Analysts believe that the mood is bullish and further Rupee appreciation against the Dollar is expected but also raised concerns over the recent markets rally which has been too fast.