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India Business News: The rupee witnessed a surprise rally on Friday, breaking the 83 levels against the dollar to trade at an intraday high of 82.93 - up 40 paise in a da ....
Read more about Best of BS Opinion: Distant thunder in world economy, rocket rupee & more on Business Standard. Here are the best of Business Standard s opinion pieces for Monday ....
From an all-time low of 76.92 touched in April sometime last year, the rupee has rebounded smartly to hit highest levels in almost a year to prove that it is not just the domestic market whose recovery is worth taking note of! When the rupee opened today, it touched an intraday high of 72.57, up nearly 18 paise over its previous close of 72.75, helped by upbeat risk appetite in the markets and strong macro data that came out on Friday evening. The rupee is currently trading at levels seen in March 2020. The strong rally in the domestic currency since has come on the back of a weak dollar and subdued crude prices. ....