Indian rupee continued to advance in value during todays Forex trading session as the investors bought local currency to participate in the Indian stock markets rally.
The Asian financial markets continued to grow today attracting more traders and spurring the growth of the regional currencies. Rupee also benefits from the tightening monetary policy in U.S. combined with the high interest rates on Indian government bonds.
This two days long rupees rally started after the major downfall of the currency, which reached the 5-month low record last week at 40.25 per U.S. dollar.
The inflow of dollars into the national markets moved rupee up INR/USD went from 39.965 on yesterdays close to 39.933 earlier today.
With a very fast economic growth India remains one of the most attractive to investments Asian regions. High interest rates and appreciation of the Chinese yuan can make Indian rupee a good high-yielding investment for this year.
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