Rupee logs over 4% gain this fiscal even as economy faces headwinds


Source: thehindubusinessline.com thehindubusinessline.com

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Rupee logs over 4% gain this fiscal even as economy faces headwinds PTI Mumbai | Updated on × The local currency is likely to average 73.50-74 against the dollar in 2021-22 The Indian rupee has logged over 4 per cent gain against the US dollar so far this fiscal, as sustained foreign fund inflows and “the RBI's deft policy manoeuvring” ensured a strong year for the Indian currency despite headwinds on the economic front, according to experts. The local unit is likely to average around 73.50-74 in the financial year 2021-22, as despite vaccines, the coronavirus pandemic persists and may...