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
American Express to open its largest office built fr...
Quote on GST April collection numbers by Gunjan Prab...
Views on Bajaj Finserv Q4 FY24 Results by Shreyansh ...
Adani Wilmar clocks 67 per cent surge in PAT for FY2...
CPI(M) leader Brinda Karat greets workers on May Day
It`s really cool Sania Mirza as Women`s Premier Leag...
Newlyweds Arti Singh, Dipak Chauhan give major coupl...
Odisha: Badminton Player Saina Nehwal visits Puri Ja...
Hyundai`s India unit, Tata Motors post higher April ...
Ola Electric captures over 52 pc market share in EV ...