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Rupee Gains Sharply As Dollar On Course For Longest Losing Streak In A Year

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Rupee gains sharply to about 79.15 per dollar

The rupee gained sharply on Tuesday as the dollar was on course for its longest losing streak in a year and global stocks were higher for a fifth straight day ahead of key US inflation data predicted to show a slowing in price pressures.

PTI reported that the rupee strengthened 37 paise to close provisionally at 79.16 against the US dollar. 

Bloomberg showed the rupee was last changing hands at 79.1475, after opening sharply stronger at 79.3200, compared to Monday’s close of 79.5313.



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