Rupee posts biggest single-day gain in nearly 1-1/2 mths on dollar inflows
The U.S. dollar index, which measures the currency against six developed-market counterparts, was down 0.25% at 103.06, below Friday’s 10-week high of 103.68.Another trader said the market has resigned to the fact that the central bank was unlikely to let the rupee fall towards its record low of 83.29 and thus the local unit is seen hovering around the 83-level in the near term
