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The rupee snapped a four-day losing streak to close 21 paise higher at 83.02 against the U.S. Dollar on Friday, aided by the currency’s flow into domestic equities and likely supported by intervention from the Reserve Bank of India (RBI) The Indian currency had hit its lifetime low of 83.23 against the U.S. Dollar on…
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At the interbank foreign exchange, the domestic unit opened at 82.58, then touched the lowest level of 82.62. File | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to 82.61 against the US dollar in early trade on Tuesday amid a weak American currency against major rivals overseas and positive domestic equity markets. Retreating…
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