Forex

Rupee jumps 34 paise to 64.58/$

PTI Mumbai | Updated on January 09, 2018 Published on November 23, 2017

The rupee on Thursday staged a robust rebound and ended at a fresh three-week high of 64.58 a dollar, surging by a whopping 34 paise after FOMC minutes signalled shallow rate hike path.

A massive slide in US dollar overseas forced banks and exporters to unwind their long dollar bets, paving the way for rupee to gain strongly, according to traders.



Published on November 23, 2017
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