Rupee hits 11 month high; RBI intervention in focus
May 19 2014 , Mumbai
However, traders expect dollar buying from the central bank to limit broader gains in the rupee.
At 9:04 a.m (0336 GMT), the rupee was trading at 58.49/50 per dollar, after hitting 58.47, its strongest since June 18, 2013. The pair had closed at 58.79/80 on Friday.