Record foreign fund buying in the stock market with the RBI now remaining on the sidelines in the foreign exchange market, the rupee on Friday rose to a six-month high against the dollar and also recorded its biggest gain in about 20 months. During the day, the Indian currency strengthened 38 paise against the green back to close at 73.40 to a dollar with a weekly gain at 2%, its biggest since December 2018.
from Times of India https://ift.tt/32zE315
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