Tag Archives: Rupee upsurge against dollar continues

The upsurge of the rupee against the US dollar continued on Wednesday with the local currency gaining 49 paisa compared to the previous close on the back of $499 million inflows from the International Monetary Fund (IMF) and a Eurobond issue of $2.5 billion. Tuesday’s closing rate was Rs153.09 while the dollar was being quoted at Rs152.60 during early trade …

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