The Rupee appreciated seven paise to settle at 83.38 against the U.S. dollar on June 28 backed by renewed foreign fund inflows. Forex traders said the strength of the American currency in the overseas market, elevated crude oil prices and the U.S. dollar demand from oil marketing companies capped sharp gains for the local unit. However, a positive U.S. dollar …
The Rupee depreciated seven paise to 83.38 against the U.S. dollar in early trade on April 12, weighed down by a negative trend in domestic equities and elevated crude oil prices. At the interbank foreign exchange, the Rupee opened at 83.36 against the dollar and touched a low of 83.38 in the initial trade, registering a fall of seven paise …