The rupee surged 27 paise to settle at 87 against the U.S. dollar on Thursday following robust macroeconomic data and easing crude oil prices. Besides, recent weakness in the U.S. dollar index also supported the local currency, forex dealers said. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee recovered on upbeat macroeconomic data and a soft US …
The Indian rupee on Monday slid 20 paise to close at 75.01 to the US dollar, weighed down by lackluster equities and concerns over a continuous surge in COVID-19 cases in the country. Forex traders attributed the rupee fall to a host of reasons like stronger dollar, muted domestic equities and rising COVID-19 cases dragged the local unit down. On …
