15 Dec, 05: The rupee climbed to its highest level in one-and-a-half months today, rising for the fifth session in a row after the dollar extended losses overseas, delivering further blow to exports from India.

The rupee was quoted at 45.57/58 per dollar during the opening session, which was the highest finish since November 24.

The rupee fluctuated between 45.52 and Rs 45.66 per units during the mid-morning session. The dollar continued to fall on last Thursday also following heavy losses a day earlier on a record US trade deficit, with the yen recording its steepest one-day rise in nearly four years.

''The yen's rise against the dollar, along with other Asian currencies is helping the rupee,'' a chief foreign exchange dealer at an Indian bank said.

''But the gains could be checked at 45.50 against the dollar, with demand for dollar coming in from oil importers,'' he added.

This appears to be good time for exporting to India as the with the surge in demand for dollars, for oil imports, rupee may be under pressure.

Comment on this article * Your Name * Email Address * Subject * Comment Write the characters in the image above (Case sensitive) Note : Editor reserves the right to deny publishing any comments which is either abusive or racially discriminatory.