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BIZ-RUPEE-CLOSE - Rupee spurts 48 paise to close at 1-month high, extends gains for 6th session

Contributed by NAMPA / PTI.

Mumbai, Feb 12 (PTI) The rupee appreciated by 48 paise to close at one-month high of 70.70 against the US dollar Tuesday, registering its sixth straight session of gain on hopes of weak inflation data for December.
In the six trading sessions, the rupee has gained 110 paise.
At the Interbank Foreign Exchange, the rupee opened stronger at 71.21 a dollar. The local unit moved in a range of 71.21 to 70.69 before finally ending at 70.70, showing a gain of 48 paise over its last close.
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