Rupee set to improve against dollar next year: CEA Nageswaran
Nageswaran’s comments came at a time when the rupee hit a record low, crossing the 90-mark against the US dollar in opening trade.
Nageswaran’s comments came at a time when the rupee hit a record low, crossing the 90-mark against the US dollar in opening trade.
On Thursday, the rupee had settled at 69.87 against the US dollar.
Forex traders said the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.
Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses
The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market on 28 May on fresh selling of the greenback by exporters and banks.
The Rupee weakened by 13 paise to 64.65 against the US Dollar in early trade on Friday at the Interbank Foreign…
The Rupee depreciated 18 paise to 65.05 against the US Dollar in early trade on Thursday at the Interbank Foreign…
The Rupee weakened 11 paise to 65.14 against the US Dollar in early trade on Wednesday at the Interbank Foreign…
The Rupee continued its upward trend and traded two paise higher at 65.07 against the US Dollar in the afternoon…
The Rupee advanced 9 paise against the Dollar to breach the 65 level at 64.95 — a fresh 17-month high…
