Rising boom, new high level of two and a half years closed at Rs 63.41

It is worth noting that in the last one year, the rupee has gained nearly 6%, while the dollar has fallen by almost 10%.

New Delhi: In the interbanking foreign exchange market, the rupee closed at a new high of Rs. 63.41 in the first half of the year with a rise of 12 paise compared to the US currency. This is the highest level of rupees since July 15, 2015, when it was closed at this level. The price of one dollar has come down significantly to Rs 63.50. Rupee has got support from the dollar in softness.

Traders said that despite the rise in crude oil prices in the global markets, the sentiment of the rupee was strong. Increasing confidence about the domestic economy has also had a positive effect. Weak open at rupees 63.59 in the morning. After breaking up to 63.62 / dollar during the business, it improved sharply and up to Rs 63.36. It finally closed at Rs 63.41 per dollar, showing the strength of 12 paise. According to market sources, large-scale dollar buying by public banks handled the rupee.

It is worth noting that in the last one year, the rupee has gained nearly 6%, while the dollar has fallen by almost 10%.