Valuable recovery of rupee

Currency

₹ vs US$

The value of a country’s currency is linked with its economic conditions and policies. “The value of a currency depends on factors that affect the economy such as imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices and geopolitical conditions,” says Pramit Brahmbhatt, chief executive officer, Alpari Financial Services (India), a foreign exchange brokerage.

The Indian rupee appreciated this week by ₹0.97 compared with previous week close.

Last week Indian rupee closed at ₹73.46 with a loss of 0.15 paisa

Current week i.e. on Friday closed at ₹72.49 with gain of 0.97 paisa

Highest gain ₹0.96 on 02nd Nov 2018 and highest fall 0.28 paisa on 31st Oct. 2018

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