Rupee makes gains against dollar

The rupee posted moderate gains in both the currency markets against dollar during the outgoing week, boosted by strong foreign inflows and  positive macroeconomic indicators. The rupee closed at 155.28 against the greenback on Monday and closed at 155.06 on Friday while in the open market the rupee gained 25 paisad to close at 155.10 against the dollar.

Currency dealers expect the rupee to gain further over the next week to 154.40 as they observed increased inflows in the last few days.

Source: Geo