scorecardresearchMarket Wrap: Rupee rises on Fed pivot hopes, but ends well off day's highs

Market Wrap: Rupee rises on Fed pivot hopes, but ends well off day's highs

Updated: 27 Oct 2022, 03:59 PM IST
TL;DR.
The rupee rose to 82.4900 per U.S. dollar from 82.7250 in the previous session. The local unit opened at 82.15, before slipping to almost 82.50 by close on dollar demand related to the daily fixing and from importers.
While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)

While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)