The rupee on Tuesday moved higher to sub-50 level for the first time in 10 weeks for a brief time intra-day before closing flat at 50.10 against the US dollar on alternate bouts of buying and selling.Forex traders partly attributed the early rise in the rupee to the Reserve Bank shifting its policy stance to growth from inflation in its monetary policy review on Tuesday.
News On AIR | January 24, 2012 8:05 PM
Rupee ends off 10-week high