Rupee Weakens Against The U.S. Dollar


The Indian rupee weakened against the U.S. dollar.The local currency depreciated 15 paise to 82.91, at open against the greenback on Wednesday. It closed at 82.76 on Tuesday.”The U.S. dollar regained its strength after data showed the annual inflation rate in the U.S. slowed slightly to 6.4% in January 2023, but was above market forecasts of 6.2%. Higher-than-expected inflation data and a strong labour market raised the prospects of …


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *