Rupee zooms to 64.91 vs $

Mumbai, March 29 

The rupee today stormed to a new 17-month high and closed above 65, a level not seen since October 2015, on heavy dollar selling by speculative traders and exporters. It finally ended the day at 64.91, up 13 paise.

Abundant capital inflows from foreign investors into equity and debt markets predominantly catapulted the blistering rally on the back of adequate dollar supplies.

It hit an intra-day high of 64.88, triggering panic dollar selling. Speculators are shorting dollar against the rupee ahead of event risk globally in the midst of Brexit volatility. — PTI