Rupee opens at 78.92 against US dollar
India Today
On the interbank forex market on Thursday, the rupee opened 11 paise higher at 78.92 against the American currency.
The rupee opened 11 paise higher against the US dollar on Thursday. This comes after the rupee on Wednesday touched record lows for a second straight session on persisting concerns about rising inflation and weak growth.
On the interbank forex market on Thursday, the rupee opened 11 paise higher at 78.92 against the American currency.
On Wednesday, the partially convertible rupee ended at 78.96 per dollar after touching a lifetime low of 78.97. The currency had closed at 78.77 on Tuesday.
The rupee has lost more than 6 per cent against the dollar so far this year, and analysts believe it is likely to weaken further, according to a Reuters report.
On the domestic stock market, Sensex was up by 0.61 per cent or 322.35 points at 53,349.32 and Nifty gained 0.50 per cent or 79.00 points at 15,878.10.
ALSO READ | Take-home salary, PF, working hours to be changed? Key points about new labour codes
