The rupee on Wednesday recovered from its fresh all-time low and strengthened against the US dollar after better-than-expected August trade data. At 2.55pm, the rupee was trading at 72.21 a dollar, up 0.67% from its Tuesday’s close of 72.70. The home currency opened at 72.75 per dollar and touched a low of 72.90 in morning trade.
The Sensex rose 0.73%, or 272.74 points, to 37,685.87. Since January, it has gained 9.86%.
Asian currencies were trading lower on Wednesday. The South Korean won was down 0.21%, Thai Baht 0.15%, China Offshore 0.14%, Singapore dollar 0.12%, Malaysian ringgit 0.08%. However, the Japanese yen was up 0.14% and the Indonesian rupiah 0.05%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.154, down 0.1% from its previous close of 95.249.
Source- https://www.livemint.com/
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