₹ rebounds from all-time low, rises 9 paise to 85.04 against dollar
Millennium Post Kolkata|Kolkata 21 December 2024
The rupee saw a recovery from its all-time low level and appreciated 9 paise to close at 85.04 against the American currency on Friday, on softening of the US dollar index and a potential intervention by the RBI.

MUMBAI:

Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance near the 110 level in the near-term amid a reduced likelihood of significant Fed rate cuts in 2025.

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