Rupee opened 7 paise weaker at Rs 86.64 (provisional) in opposition to the dollar on Wednesday.
On Tuesday, the rupee strengthened for the third straight session, rising 25 paise to shut at 86.56. This was supported by robust home inventory markets and a weaker US greenback on account of disappointing US financial knowledge.
Within the interbank international alternate market, the rupee was extremely unstable, opening at 86.71, reaching an intraday excessive of 86.54, and touching a low of 86.78. Foreign exchange merchants stated the rupee gained on account of a weaker US greenback index and robust Asian currencies, however rising crude oil costs capped additional positive aspects.
On Monday, the rupee had gained 24 paise to shut at 86.81, whereas final Thursday, it had risen by 17 paise to finish at 87.05.
(This can be a growing story…..)
