Meanwhile, the Indian benchmark S&P BSE Sensex today rebounded by 76.38 points, or 0.31 per cent, while FIIs pulled out Rs 295 crore today, as per provisional exchange data. The dollar index was last up 0.09 pct against a basket of six major global rivals. Build up of large positions by dealers on hopes of revival of economy after a landslide victory by BJP-led NDA government in recent Lok Sabha elections has made the rupee surge, a forex analyst said. The rupee's 30 paise gain is its biggest rise since it appreciated by 39 paise on May 15. This is its highest level since it closed at 57.87 on June 17, 2013. It later rebounded on fresh dollar selling by exporters and firm domestic equities to a high of 58.41, before ending at 58.47 - a rise of 30 paise or 0.51 per cent. The rupee commenced strong at 58.67 a dollar at the Interbank Foreign Exchange (Forex) market from last close of 58.77 and immediately touched a low of 58.69. A firm dollar overseas and mild capital outflows capped the rupee rise today after it depreciated by 18 paise in previous two sessions, said a forex dealer. Mumbai: The rupee today rose by 30 paise, its biggest single-day gain in a week, to close at over 11-month peak of 58.47 against dollar following renewed selling of the US currency by exporters and a recovery in local equities. Follow us on rupee rebounds 30 p vs usd to end at over 11 month peak
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