Rupee hits seven-week high of 53.89 against dollar

The rupee is trading at 54.01/02 versus its Tuesday's close of 54.15/16 after hitting 53.89 in early trade, its highest since February 28.

Traders said sentiment for the dollar-rupee continues to remain weak on the back of the recent sell-off in global commodities and rising hopes of a rate cut.




Asian currencies also traded stronger versus the dollar.

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