Stay updated with breaking news from Arnob Biswas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The currency had dropped to a record low of 83.5750 on Friday but has since recovered modestly helped by the central bank's intervention and as fears of escalation in the Middle East conflict ebbed.
The Indian rupee recouped opening losses to end higher on Friday, despite weakness across regional peers, helped by possible intervention from the Reserve Bank of India (RBI) and dollar sales from foreign banks.
Rupee Rate: The rupee closed at 83.4125 against the U.S. dollar, down nearly 0.3% compared with its close at 83.1850 in the previous session.
The rupee closed at 83.4125 against the U.S. dollar, down nearly 0.3% compared with its close at 83.1850 in the previous session
The Indian rupee rose on Friday, bolstered by dollar sales from foreign and state-run banks and after the Indian central bank kept rates unchanged for a seventh consecutive meeting. ... -April 05, 2024 at 06:19 am EDT - MarketScreener