The Indian rupee erased losses and strengthened to a five-week high against the U.S. currency on Thursday due to, what traders said, was possible dollar inflows from two large corporates. The rupee was trading at a session-high of 82.06 to the dollar, its highest since May 11, at 1:30 p.m. IST, against previous close of 82.0950. The unit had fallen to 82.2525 earlier in the session after the Federal Reserve's hawkish tone on interest rates.
Comments
Post a Comment