- Thursday, April 18, 2024
By: Eastern Eye Staff
The rupee on Friday weakened over one week low against the US dollar after India’s economic growth slowed down unexpectedly to three year low. The rupee ended at 64.03 a dollar — a level last seen on 24 August, down 0.19% from its Thursday’s close of 63.91. The rupee opened at 63.95 a dollar and touched a high and a low of 63.88 and 64.05 respectively. Bond yields reacted after the data and fell to one month low as analyst expects that the fall in gross domestic product may give further room to Reserve Bank of India to cut rates. “The surprise…
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