The rupee appreciated for the second day on Wednesday to end at a one-week high of 66.73 against the US dollar even as the Federal Reserve’s decision on an interest rate hike looks imminent. Besides, heavy unwinding of dollars by banks and corporates, along with upbeat equities, supported the rupee upmove. The local currency resumed almost flat at 66.91 at the forex market, from its overnight close of 66.92. The rupee has gained 36 paise after recovering from over a two-year low touched on December 14.
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.