But domestic currency looks vulnerable against the euro and pound

The rupee strengthened in the past week, contrary to expectations that it would fall to 65.5. The rupee touched a low of 65.11 last Tuesday and reversed sharply higher, breaking above the key resistances at 65 and 64.85. The currency hit a high of 64.49 on Monday and closed at 64.50, up 0.92 per cent for the week.Weakness in the US dollar helped the rupee regain its strength in the past w...