01-01-1970 12:00 AM | Source: IANS
Rupee touches 82.72 against dollar before closing at 82.63
Indian rupee on Friday closed at 82.63 after touching a high of 82.72 against the US dollar.
The Indian currency gave up its early gains due to higher dollar demand.
Earlier this month, rupee had touched a record high of 83.18 against the dollar.
The investors' dim outlook on China and also on the overall global economy has impacted the rupee.
Rupee's fate will also depend on the crucial Federal Reserve meeting on November 2, market watchers said.
In addition to this, the ECB's soft comments drove market views that central banks will likely moderate the pace of monetary tightening.
This was more so, after the Bank of Canada surprisingly announced a smaller-than-expected rate hike.
Latest News
Unbelievable scenes! Jam-packed Mumbai awaits team I...
Market Explorer - July 2024 by Religare Broking Ltd
HDFC Bank`s June-quarter gross advances down 0.8% se...
Zomato relaunches `Intercity Legends` service with m...
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 ...
Government slashes licence fee for women entrepreneu...
Die-hard fans wave tricolours as team India reaches ...
Residential Prices in Bengaluru See 57% 5-Year Jump,...
``It won`t let you down?``Tahira Kashyap Khurrana as...
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...