Rupee hits 8 month high
Apr 02 2014 , Mumbai
Traders say some support for the dollar is likely at around 59.70 levels on the back of importer demand.
Trading in the rupee resumed after a two-day break due to a local holiday and annual closing of bank accounts.
Traders say sentiment for the rupee is positive after the Reserve Bank of India kept rates on hold at its policy review while further tightening bank's access to cheap overnight funds.
Gains in other Asian currencies also helping rupee sentiment.