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Rupee Update: Strong selling interest on the dollar-rupee pair and relatively light demand from importers aided the rupee's gains in early trading, a foreign exchange trader at a state-run bank said.
The US dollar perched near a two-month peak on Wednesday as investors looked to the Federal Reserve chair's speech this week for cues on the path of monetary policy, dollar index , which measures the US currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. Get more Currency News and Business News on Zee Business.
The ongoing dollar crisis in the country will ease by January next year, said Salman F Rahman, private industry and investment adviser to the prime minister.