Indian rupee remained one of the worst-performing regional currencies in 2020, despite record inflows from foreign institutional investors (FII) and foreign portfolio investors (FPI) into Indian equities
The Indian rupee recouped from its morning losses against the American currency and ended barely steady at 66.55 on mild selling of dollars by banks and exporters in view of recovery in the domestic equity market.
Extending its rally for the sixth straight session, the rupee today surged to a fresh 2-1/2 month high of 67.08 by gaining another 26 paise against the American currency on persistent selling of dollars by banks and exporters
The Indian rupee today strengthened further against the American currency by surging 16 paise to end at 68.07 on fresh selling of dollars by banks and exporters on the back of a sharp recovery in the equity market despite hig
Indian rupee also extended its losses for the third day today by falling 9 paise to 68.07 a dollar on sustained demand for the US currency from banks and importers amid falling crude prices and foreign capital outflows.