Comments
Exhibiting strength against the beleaguered dollar for the fourth straight day, the rupee appreciated by another 6 paise to end at a fresh one-week high of 65.08 on continued selling of the greenback. The overall forex market sentiment received a much-needed leg-up after the minutes from the Federal Reserve’s last monetary policy meeting sounded dovish on rate rise outlook.
At the Interbank Foreign Exchange (forex) market, the home currency opened a tad higher at 65.13 from the overnight close of 65.14. It remained confined in a tight range of 65.04 and 65.15 for most part of the day before ending at 65.08, showing a gain of 6 paise.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.