|
Category :
industry
Headline :
Rupee recovers from all-time low, rises 9 paise to 83.69/USD in early trade
Date:
26/07/2024 10:57
The rupee recovered from its all-time low level and appreciated 9 paise to 83.69 against the US dollar in early trade on Friday, amid a positive trend in domestic equities.
Forex traders said foreign fund outflows from Indian equities following the government's decision to hike the tax rate on capital gains weighed on the local currency and restricted the upmove.
At the interbank foreign exchange market, the local unit opened at 83.72 against the American currency, then rose to 83.69 against the American currency, registering a rise of 9 paise from its previous close.
|