Rupee spurts 41 paise to 2-week high of 81.31 against US dollar on forex inflows
Admin
Dec 10, 2022 11:13
70
The rupee rose by 41 paise to close at a two-week high of 81.31 against the US dollar on Wednesday as a weak greenback in the overseas market and huge foreign fund inflows into the capital markets boosted investor sentiment.
At the interbank foreign exchange market, the local unit opened at 81.63 and touched an intra-day high of 81.30 and a low of 81.64 against the greenback.
The local unit finally settled at 81.31 -- the highest closing level since November 16 -- registering a rise of 41 paise over its previous close. On Tuesday, the rupee declined 4 paise to close at 81.72 against the US dollar.
