Rupee settles at six-week high

In Short

At the interbank foreign exchange market, the rupee opened at 94.78 against the dollar.

Rupee settles at six-week high
X

Rupee settles at six-week high

Font size
FOLLOW ON Google News

Mumbai: The rupee surged 48 paise to close at 94.43 (provisional) against the US dollar on Wednesday, supported by foreign currency inflows linked to Reliance Industries' Jio Platforms IPO and RBI intervention to contain dollar demand.However, forex trade analysts said weak domestic markets and higher crude oil prices were putting pressure on the rupee.

At the interbank foreign exchange market, the rupee opened at 94.78 against the dollar. In intraday trade, it touched a high of 94.41 and a low of 94.82 against the American unit. It eventually settled at 94.43 (provisional) against the greenback, up 48 paise from its previous close.The Indian currency earlier recorded a similar closing level on September 4.

The Hans India
ABOUT THE AUTHOR

The Hans India

Next Story
Share it