Mumbai, India (BBN) – The rupee made a roaring comeback after a two-day downfall against the American currency and ended higher by 28 paisa at 68.05 following a fresh bout of dollar selling by banks and exporters.
This is the biggest single day gain in one month, reports The Hindu Business Line.
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced slightly better at 68.29 a dollar from overnight close of 68.33 and maintained its stellar performance throughout the session driven by robust dollar supplies.
It finally settled at the day’s highest level of 68.05, revealing a smart gain of 28 paisa, or 0.41 per cent.
The local unit had depreciated by a whopping 41 paisa in last two sessions — giving a tepid start to New Year.