Rupee on its way of raising

A sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over sluggish domestic demand which weighed more heavily on July-September growth than expected. Most major Asian currencies have had a bruising year amid a strong US dollar, though many have made some gains this week after the United States and China agreed at the weekend to a 90-day truce in their trade war. But the rupee is the worst performing major Asian currencies this year with a fall of more than 10 per cent.

  • The Indian rupee appreciated this week by 0.21 paisa compared with the previous week close.
  • Last week Indian rupee closed at ₹70.15 with a gain of ₹1.75 only.
  • Last trading of the week rupee closed at ₹69.94 with gain of 0.41 paisa.
  • Highest gain 0.41 paisa on Friday and highest fall 0.28 paisa on Thursday.

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