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INR Enjoys Increase Thanks to Exporters

On 5th March 2019, it was repowered that the rupee 11 paise 70.81 against USD in opening trade, which can be attributed to the fact the USD has been weakened in overseas markets. The currency initially at 70.95 at the interbank forex market but rose to 70.81, which has nee supported by the selling of American currency by exporters. Easing…

INR Enjoys Two-Week High

Despite the rupee being one of the worst performing currencies of the year, the currency rose sharply against USD on Wednesday, closing at 72.37. This is the best single-day gain since March 2017. The rupee has depreciated at 12% against the dollar, with measures being undertaken by the Government that will look to stop non-essential important to stop the devaluing…