KV Network

Rupee rebounds 13 paise to 83.27 against US dollar in early trade

Rupee rebounds 13 paise to 83.27 against US dollar in early trade
Decrease Font Size Increase Font Size Text Size Print This Page

Mumbai, Dec 14 (PTI) The rupee rebounded by 13 paise to 83.27 against the US dollar in early trade on Thursday after the greenback weakened in the overseas markets as the US Federal Reserve signalled a cut in interest rates next year.

The local unit opened strong at 83.30 at the interbank foreign exchange market. The currency rose further to hit a high of 83.27 in morning deals, reflecting gains of 13 paise over the previous close.

The rupee had closed at its all-time low level of 83.40 on Wednesday after retail inflation rose to a three-month high of 5.55 per cent in November.


KV Network

Kashmir Vision cover all daily updates for the newspaper

Leave a Reply

Your email address will not be published. Required fields are marked *