Tag Archives: Rupee performance

MUMBAI: The rupee closed at 85.43 against the dollar, gaining seven paise from 85.50 on Wednesday. It had opened weaker at 86.75 after the US announced higher-than-expected tariffs on Indian imports.“The Indian rupee strengthened after a sluggish start, largely due to the weakening of the US dollar,” said Dilip Parmar, senior research analyst, HDFC Securities. US recession concerns and rising …

MUMBAI: The rupee finished the week on a strong note, closing at Rs 86.87 against US dollar, up 24 paise from the previous day’s Rs 87.11. This represented its best weekly performance in over two years, rising 0.7% week-on-week, as the dollar weakened against most major currencies. The greenback was on track for its worst week in more than two …