Categories: Business

Rupee logs best intra day gain in 21 months

Photo: GOOGLE

rupee vs dollar

new Delhi. On Tuesday, the rupee has seen the fastest one-day rise in 21 months on a percentage basis against the dollar. This rise in the rupee is seen after the Reserve Bank's statement that there are indications that the central bank will not show a more aggressive approach in dollar purchases. After today's rupee gains in today's business, it strengthened from 73 level.

The rupee touched a high of 72.76 against the dollar in today's trade, based on this level, the rupee gained 1.14 percent against the dollar. Earlier, on 18 December 2018, the rupee had gained 1 percent. It closed at 72.87 per dollar, a strong gain of 73 paise at the end of trading. This is the strongest level of the rupee since March 3.

The rupee touched a high of 72.75 against the dollar in today's trade, based on this level, the rupee gained a maximum of 1.14 percent against the dollar. It closed at 72.87 per dollar, a strong gain of 73 paise at the end of trading. This is the strongest level of the rupee since March 3. Forex traders said that the Reserve Bank of India announced various steps to ease the pressure on cash, which gave a boost to the rupee. The rupee opened at 73.18 per dollar, strengthening in today's trade in the interbank foreign exchange market. But the rupee gained momentum during trading and finally ended at 72.87 per dollar with a strong gain of 73 paise. The rupee had closed at 73.60 per dollar in the previous trading session. The rupee also touched a high of 72.75 per dollar and a low of 73.19 per dollar during trading.

This post was published on September 1, 2020 4:49 pm

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