Rupee gains by 100 paise, records best week in 4 yrs
The Times of India Hyderabad|November 12, 2022
The rupee Friday rallied100 paise to close at 80.81 against the dollar after the latter weakened following lesser-than-anticipated inflation in the US, according to Reuters. It touched an intraday high of 80.58. With this gain, the rupee has appreciated 2% in the week— the best performance in 4 years. Many other emerging market currencies gained too as the dollar index plunged.
Rupee gains by 100 paise, records best week in 4 yrs
Rupee gains by 100 paise, records best week in 4 yrs

Ends At 80.81/$ As Dollar Weakens After US Inflation Cools

Mumbai: The rupee rallied by 100 paise to close at 80.81 against the dollar after the greenback weakened following lesser-than-anticipated inflation in the US. The currency opened 110 paise higher at 80.71 — the biggest gap opening in nearly a decade.

It touched an intraday high of 80.58 before closing at 80.81, 100 paise stronger, according to Reuters. With Friday’s gain, the domestic currency has appreciated 2% in the week — the best performance in four years.

هذه القصة مأخوذة من طبعة November 12, 2022 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 12, 2022 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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