Rupee touches strongest since April as foreign inflows offset firm dollar

What happened: The rupee ended at 93.69 per dollar, up 0.2% on the day after touching a high of 93.6350 in afternoon trading, its strongest since April. Key numbers: 93.69 per dollar close, 93.6350 intraday high, record low of 96.96 in May, down about 4% year-to-date, nearly $6 billion in foreign inflows in November, Why it matters: Traders cited broad-based dollar selling and positive sentiment in the NDF market, which helped the rupee resist a stronger dollar lifted by hot inflation data and hawkish Federal Reserve comments. Focus now turns to India's October inflation data due Thursday.

The rupee ended at 93.69 per dollar, up 0.2% on the day after touching a high of 93.6350 in afternoon trading, its strongest since April.

Traders cited broad-based dollar selling and positive sentiment in the NDF market, which helped the rupee resist a stronger dollar lifted by hot inflation data and hawkish Federal Reserve comments. Focus now turns to India's October inflation data due Thursday.