Comments
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.
Comments
COMMENT NOW
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.