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Friday, December 15, 2023

Rupee jumps 40p to 82.93 intraday on $ flows

The rupee witnessed a surprise rally on Friday, breaking the 83 levels against the dollar to trade at an intraday high of 82.93 - up 40 paise in a day. The domestic currency closed at 83, gaining 33 paise from its previous close. Dealers attributed the unexpected rally to a sudden inflow of dollars into the market which was seen to be due to overseas fund-raising by an Indian corporate in addition to foreign portfolio purchase in equity markets. Dealers said that the corporate that raised dollar internationally could be the Adani group.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XERyeCt

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