Thursday 3 November 2022

Chinese packages fail to lift rupee over US dollar

A slew of development packages and yuan clearing measure failed to lift the rupee over the US dollar during early trading in the interbank on Thursday. Traders said that a single US dollar was trading over Rs222.15. This was up by 72 paisas from Rs221.43, the level at which the dollar had closed at on Wednesday afternoon. In the past two days, the rupee has lost over Rs1.5. The rupee has been struggling against the dollar for the past fortnight with the value oscillating around Rs220-221.
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