RBI to announce facility for NRIs to exchange old notes
The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified…
The Rupee recovered by eight paise to 67.86 against the Dollar in early trade on Thursday on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.
Forex dealers said weakness in the Dollar against other currencies overseas on disappointing US economic data — showing wholesale inflation and industrial production flat in October — also supported the Rupee.
On Wednesday, the Rupee had lost 20 paise to end at near five-month low of 67.94 against the US currency in a highly volatile trade amid unabated Dollar outflows.
Meanwhile, the benchmark BSE Sensex recovered by 134.38 points, or 0.51 per cent, to 26,433.07 in early session today.
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