Live News: Rupee Breaks losing streak Against US Dollar On ADB
After significant Reserve Bank intervention, the rupee recovered on Friday to end a seven-session losing skid and close 26 paise higher at 71.73 against the US dollar.
The Indian rupee crossed the 72-mark to trade at 72.04 to the dollar in morning trade, weighed down by trade tensions and rising petroleum costs.
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The RBI’s extensive involvement, however, mostly prevented the rupee from falling to record low levels and helped it recover.
