Rupee gains as stock market hits new high | Business | Reuters

Rupee gains as stock market hits new high | Business | Reuters: "MUMBAI (Reuters) - The rupee ended just short of a nine-year peak on Tuesday, boosted by capital inflows into the stock market that hit a record high for the fifth straight day as investors continued to bet on the fast-growing economy. The partially convertible rupee ended at 39.735/745 per dollar, ticking up from the previous close of 39.770/775 to end just shy of Monday's peak of 39.72, which was it strongest since May 1998."