Rupee hits more than one week high on weaker dollar, oil prices
Updated: 09 Sep 2022, 03:18 PM IST
TL;DR.The rupee was trading at 79.6350 per U.S. dollar, as of 0502 GMT, up from 79.71 in the previous session. The local currency had reached 79.57 earlier in the session.
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)