Comments
The rupee on Friday staged a recovery after two days of fall and ended eight paise higher at 66.79 against the US currency on account of heavy dollar unwinding by exporters ahead of an extended weekend.
Besides, a suspected RBI intervention largely supported the local currency, says a forex dealer. Moreover, speculative traders avoiding taking long positions ahead of next week’s US Fed meeting too weighed on trade.
Comments
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.