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US dollar sold at Rs157.7 on March 5 By Friday Mar 05, 2021 The buying rate of the US dollar was Rs157, while its selling rate was Rs157.7. — STOCK IMAGE/File The buying rate of the US dollar was Rs157, while its selling rate was Rs157.7. Dealers say the local unit reversed some of the gains it made in the Wednesday session. Political uncertainty outweighed the impact of positive developments on the economic front. KARACHI: The buying rate of the US dollar was Rs157, while its selling rate was Rs157.7 on Friday, March 5 at the closing of the currency market. Dealers said the local unit re...

RBI Sees Rupee As Fairly Valued, Suggests New Paper Jan 21 2021, 1:59 PM January 21 2021, 1:41 PM January 21 2021, 1:59 PM The Reserve Bank of India has updated its real effective exchange rate indices used to judge the competitiveness of the Indian rupee. The new indices, according to a paper published in the central bank’s monthly bulletin, suggests that the rupee is fairly valued and appreciation due to large capital inflows, if permitted, would make the Indian currency uncompetitive.By adjusting for inflation differentials and trade patterns, the rea... The Reserve Bank of India has ...