Comments
The rupee pared early losses on Friday to settle 8 paise higher at 68.42 against the US dollar as market participants said fiscal deficit and gross borrowings announced in the budget were broadly in-line with expectations.
In a volatile session at the interbank foreign exchange, the local unit opened at 68.55 per dollar, but soon recovered lost ground and touched a high of 68.40, as Finance Minster Nirmala Sitharaman presented her maiden budget in Parliament.
The domestic currency finally ended at 68.42 against the greenback, higher by 8 paise over its previous closing.
The rupee on Thursday settled at 68.50 against the US dollar. On a weekly basis, the Indian currency has gained 61 paise.
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.