MUMBAI: Rupee rallied on Monday to close above 60 per dollar after its best daily gain since the national election in mid-May as anticipation of continued stimulus from central banks globally lifted emerging market assets.
Recent geopolitical concerns due to the turmoil in Iraq and Ukraine also eased, while sentiment also benefited from Brent crude falling to 13-month lows.
As a result, the rupee rose 0.62 per cent against the dollar to post its best weekly gain in three mont ..
