Rupee touches 82.72 against dollar before closing at 82.63
Oct 28, 2022, 17:47 IST
Indian rupee on Friday closed at 82.63 after touching a high of 82.72 against the US dollar.
The Indian currency gave up its early gains due to higher dollar demand.
Earlier this month, rupee had touched a record high of 83.18 against the dollar.
The investors' dim outlook on China and also on the overall global economy has impacted the rupee.
Rupee's fate will also depend on the crucial Federal Reserve meeting on November 2, market watchers said.
In addition to this, the ECB's soft comments drove market views that central banks will likely moderate the pace of monetary tightening.
This was more so, after the Bank of Canada surprisingly announced a smaller-than-expected rate hike.
SEE ALSO: Maruti Suzuki’s stock rises 6% after it reports 4x growth in Q2 net profit
Global Health that operates Medanta Hospitals to open its ₹2,205 cr on November 3
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The Indian currency gave up its early gains due to higher dollar demand.
Earlier this month, rupee had touched a record high of 83.18 against the dollar.
The investors' dim outlook on China and also on the overall global economy has impacted the rupee.
Rupee's fate will also depend on the crucial Federal Reserve meeting on November 2, market watchers said.
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This was more so, after the Bank of Canada surprisingly announced a smaller-than-expected rate hike.
SEE ALSO: Maruti Suzuki’s stock rises 6% after it reports 4x growth in Q2 net profit
Global Health that operates Medanta Hospitals to open its ₹2,205 cr on November 3