Boosted by unhindered flow of foreign funds into the Indian stock market, the rupee on Tuesday rallied to an over one-month high of 46.11 against the US dollar but ended at 46.17. The rupee’s strength was also helped by the weakness of the US dollar against other major currencies, including the euro. With the rupee strengthening, exporters would get less money for their same amount of exports, which could impact sectors such as IT, textiles and jems and jewellery. On the other hand, importers would shell out less money for the same amount bought. On Tuesday, the rupee ended at 46.16 to the dollar, off an intraday peak at 46.10, its highest level since June 28. Market players expect the rupee to break above the 46 mark soon and the Indian Rupee got its own symbol....
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