- July 8, 2022
- Posted by: Stratford Team
- Category: Economy
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The central bank had also said it has been closely monitoring the liquidity conditions in the forex market.
The central bank had also said it has been closely monitoring the liquidity conditions in the forex market.
The rupee declined by 10 paise to close at 79.23 (provisional) against the U.S. dollar on Friday, tracking the strength of the American currency in the overseas market.
At the interbank foreign exchange market, the local currency opened at 79.20 and finally ended at 79.23, down 10 paise over its previous close of 79.13.
“Gains for the currency were short-lived even after RBI announced forex related measures. Pound held on to its gains after Boris Johnson said he was quitting as prime minister following a rush of ministerial resignations and calls for him to go,” said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
Focus will be on the non-farm payrolls data and better-than-expected numbers could keep the…
