The indian rupee, however, bounced back sharply by 75 paise to close at 88.06 (provisional) against the us dollar on wednesday, october 15. The indian rupee closed at nearly a month's low level, extending wednesday's momentum, amid a decline in the dollar index. The rupee fell to 88.80 against the dollar on september 24, near its record low, despite the dollar index dropping over 11 per cent this year.
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The domestic currency closed 24 paise higher. Positive developments could strengthen the rupee. Foreign investors have sold $16.
The indian rupee strengthened by 40 paise to 87.68 against the us dollar in early trade on thursday, driven by reserve bank of india intervention, a softer dollar index, and.
