Indian rupee strengthened against the US dollar on Thursday, despite selling pressure in the domestic equities amid lingering inflation woes. Easing crude oil prices and a weakness in American currency at overseas markets boosted rupee sentiments. On the global front, Chinese yuan hit a more than five-month high on bullish bets in spite of risks from slowing property sector in China.
The partially convertible currency is currently trading at 74.14, stronger by 14 paise from its previous close of 74.28 on Wednesday. The currency touched a high and low of 74.22 and 74.10 respectively.
