Rupee posts weekly loss, underperforms in Asia Global Online Money


Source: globalonlinemony.com globalonlinemony.com

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The partially convertible rupee traded in a good vary all day to finish 0.03% decrease at 79.6550 per greenback, in comparison with its earlier shut of 79.6350. The foreign money didn’t capitalise on a weak greenback and shed 0.6% this week. By comparability, improved danger urge for food and smooth US inflation print helped Asian friends carry out higher, together with the onshore Chinese language yuan, the Indonesian rupiah and the Singapore greenback that have been agency between 0.3% to 1.5% this week. In the meantime, overseas buyers purchased about $2.4 billion of Indian shares to date this month and...