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.

Diese Geschichte stammt aus der November 12, 2022-Ausgabe von The Times of India Hyderabad.

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Diese Geschichte stammt aus der November 12, 2022-Ausgabe von The Times of India Hyderabad.

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