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Monday August 3, 09:30 AM
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Rupee rises to 1-month peak on dlr's losses
MUMBAI (Reuters) - The rupee rose to a one-month peak on Monday, tracking the dollar's losses versus majors overseas, but dealers said they would watch for dollar buying intervention by state banks.
* At 9:03 a.m. (0333 GMT) the partially convertible rupee was at 47.80/83 per dollar, its strongest since July 2 and above its Friday's close of 47.93/95.
* The dollar fell broadly on Monday and hit its lowest point this year against a basket of currencies after higher oil prices, steady global stock markets and U.S. GDP data boosted investments in riskier assets.
(For more news on Reuters Money click http://in.reuters.com/money)
