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

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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

https://www.google.co.in/url?q=https://www.ndtv.com/business/inr-vs-usd-rupee-dollar-currency-exchange-rate-rupee-opens-at-new-lifetime-low-of-72-87-against-us-d-1915166&sa=U&ved=2ahUKEwjo6sH08LTdAhUJrI8KHZ0sBTwQqOcBMAF6BAgHEAM&usg=AOvVaw3ACmsz5DVnpfAi_wFP3n-k

Kindly check the given link for detailed information.

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