News: Rupee at new 1-year high on capital inflows

(RTR 09/02/2007) Mumbai - The rupee hit its highest level in more than a year on Friday, on renewed capital flows and media report that the finance ministry was concerned the central bank's suspected intervention was fanning inflation.

At 9:05 a.m. (0335 GMT), the partially convertible rupee was at 44.03 per dollar, its strongest level since Jan. 31, 2006. It ended at 44.11/12 on Thursday.