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.
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