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MUMBAI, June 5: The rupee finished on Wednesday at a four-session closing high, helped by steady dollar inflows from a long-term project creditor and a telecom company, dealers said.
The rupee ended at 49.0000/0150 per dollar, up from the previous 49.04/05. It last closed at Wednesday’s level on May 30.
Over the first five months of calendar 2002, foreign inflows dropped 71 per cent — to $645.5 million from $2.2 billion in the same period last year, Securities and Exchange Board of India (SEBI) data shows.
Latest data from the regulator show net sales of $31.5 million at the start of June.—Reuters
