Mumbai - Rupee stimulated towards a near-decade high of 39.18 next to the US dollar at some point in morning trade, determined higher by fresh dollar sales from exporters in expectation of the currency's continued pleasure. Stationary trade at the Interbank Foreign Exchange (forex) market, the local currency resumed firm at 39.25/26 a dollar from during the night close of 39.30/31 a dollar and later rallied to a high of 39.18/19 per dollar in line with well-built Asian equity markets in in the early hour's trade.

In a while, though, rupee fell to the aperture level of 39.25/26 after the central bank made heavy dollar purchase in a bid to cap the currency's flow, forex dealer's said. The Reserve Bank of India (RBI) is dynamic in the exchange market for the last few days and has bought dollar to contain the rupee's rapid rise. The RBI purchases in September were anticipated to about USD 16 billion.

Refer : http://timesofindia.indiatimes.com/Business/India_Business/Rupee_touches
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