Currency | Rupee rises 4 paise to close at 83.28 against US dollar
The domestic unit oscillated between an intra-day low of 83.33 and a high of 83.25 against the greenback
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The domestic unit oscillated between an intra-day low of 83.33 and a high of 83.25 against the greenback
On January 2, the domestic unit settled at 83.32 against the American currency
The rupee oscillated between an intra-day low of 83.33 and a high of 83.25 against the greenback and finally settled at 83.28 (provisional) against the dollar, higher by 4 paise from its previous close, even as domestic benchmark indices were trading in a negative note.
The dollar had its best one-day rise since late July on Tuesday, powered higher by bets the Fed will take a cautious approach to cutting rates.
Sri Lanka’s rupee closed at 322.60/90 to the US dollar on Wednesday, dealers said. Bond yields were broadly stable.