Stock Advisory in Indore >> Rupee strengthens past 63 mark against US dollar, hits near three-week high

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The rupee on Monday strengthened past 63 marks to hit near three-week high against the US dollar, tracking gains in its Asian peers and local equity markets.

The rupee opened at 63.92 a dollar and touched a high of 63.87 a level last seen on 9 August.

At 9.14am, the rupee was trading at 63.88 a dollar, up 0.24% from its Thursday’s close of 64.03. Markets were closed on Friday due to Ganesh Chaturthi.

Asian currencies were trading higher as the dollar extended its decline after US Federal Reserve chair Janet Yellen dashed expectations on Friday that she would provide clues on monetary policy tightening.