Rupee bounces to 1-week high as dollar rally cools, up 15 paise to 68.79
Mumbai, Jul 25 (DIN NEWS) Reversing its two-session slide, the rupee rebounded by 15 paise today to end at a fresh one-week high of 68.79 against the US dollar on bouts of greenback selling by exporters and corporates. The forex market witnessed a highly volatile session, with the home currency falling initially before staging a comeback. The upbeat trend was supported by unwinding of long dollar positions by speculators and local banks in view of subdued overseas cues, even as Dalal Street’s record-breaking run continued for the third straight day.…
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