Rupee Ends Higher At 68.86 Against Dollar

The rupee appreciated by 10 paise to end at 68.86 against the dollar on Tuesday following a robust response to RBI's maiden rupee-dollar swap auction. Sustained foreign fund inflows and heavy buying in domestic equities also propped up the local unit, forex traders said. Under the rupee-dollar swap auction conducted on Tuesday, the Reserve Bank received bids for $16.31 billion, against the notified amount of $5 billion.