INSUBCONTINENT EXCLUSIVE:
On Thursday, the rupee had settled with gains of 28 paise at 71.84.The rupee on Friday moved in a range of 71.67-71.89 against the US dollar
The rupee opened lower at 71.87 against the greenback, but soon turned positive
The domestic currency rose as much as 17 paise by early morning deals
has witnessed a significant decline since the start of this year amid sustained foreign fund outflows and weak macroeconomic
environment.According to news agency Reuters, the rupee will not regain ground lost against the dollar in the coming year
After gaining about 2 per cent following a victory in the general election by the incumbent government late in May, the rupee has lost
nearly 6 per cent since July 5 budget when a surcharge on foreign investments was introduced."Rupee is expected to follow movement of
Chinese currency as it has been doing since August month," said VK Sharma, head PCG - capital markets strategy, HDFC Securities.Get Breaking
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