Rupee rises 2 paise to settle at 83.95 against U.S. dollar
3 months, 2 weeks ago

Rupee rises 2 paise to settle at 83.95 against U.S. dollar

The Hindu  

The rupee gained 2 paise to close at 83.95 against the US dollar on Friday amid a weak greenback in overseas markets. However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said. However, weak domestic markets capped sharp gains," Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said. "We expect rupee to trade with a slight negative bias on weak global equities and concerns over global economic growth," he said, adding that the USD-INR spot price is expected to trade in a range of ₹83.70 to ₹84.20.

History of this topic

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