Comments
The rupee snapped its five-day losing streak to close higher by 20 paise at 70.69 against the US dollar on Thursday, tracking sharp gains in domestic equities after reports of rollback of a tax surcharge on foreign portfolio investors. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar.
The local unit opened strong at 70.80 and during the day touched a high of 70.55 and a low of 70.94 against the American currency. It finally settled up by 20 paise at 70.69 against the American currency. The rupee had settled at 70.89 against the US dollar on Wednesday. Brent crude futures, the global oil benchmark, climbed 1.14 per cent to $56.87 per barrel.
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.