BOMBAY (PTI): The Rupee continued to gain against the dollar as more dollars flowed into the market at the interbank foreign exchange market March 5.

Rupee reached a high of Rs 31.60 per dollar gaining 18 paise compared to overnight levels.

The rupee has been gaining against the dollar ever since India scrapped the dual exchange rate system and made rupee fully convertible on trade account.

 

Article extracted from this publication >>  March 12, 1993