Rupee Recovers To 71.86 After Hitting New Lifetime Low Against Dollar: 10 Points

in #mgsc3 years ago

INR Vs USD: The rupee rose as much as 84 paise against the dollar in intraday trade, after sinking to a fresh all-time low of 72.91


Story Highlights

Rupee has weakened about 12% this year
RBI has been intervening in forex market regularly to smooth volatility
Foreigners have sold net $6.5 billion so far this year

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