The rupee on Thursday continued its winning run for the second day, appreciating nine paise to close at 67.96 on sustained dollar unwinding from banks and exporters.
A spectacular rally in domestic financial markets as well as sluggish greenback overseas supplemented the local currency’s upsurge. However, suspected intervention by the apex bank to prevent the rupee’s surge in the interest of exporters restricted its early solid gains.
The rupee had ended 28 paise higher on Wednesday.
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.