Categories: News in finance Tags: adopt-urgent, betting, india, india-should, recommended, reforms-right, rupee, starvation, var-cat, var-order
Rupee Posts First Weekly Gain in 2 Months
The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions. The rupee has recovered since hitting a string of record lows last month, with the latest hit on May 31 when it dropped to 56.52 to the dollar, marking what so far has been a near-term bottom for the local currency
Categories: Business financial Tags: dollar, national, national-stock, rates-on-june, reserve, reserve-bank, rupee, the-most-traded, the-three-month, united, united-stock