The local unit hit a low of 63.73 and a high of 63.70 against the US dollar
The rupee today opened at 63.43 against the US dollar. The local unit hit a low of 63.73 and a high of 63.70 against the US dollar.
On Thursday, the rupee ended at 63.51 against the US dollar. Global cues remain subdued. The Dow fell 0.16% while S&P 500 was flat. Nasdaq shed 0.08%. Asian markets are also lower with Nikkei and Hang Seng dropping 0.4% while China's Shanghai index remains under pressure and is down over 5%.
RBI governor Raghuram Rajan said the economy is picking up and signs of capital investment are visible even as there a continuing need of putting some of the stalled projects back on track. We need reforms to ensure that growth is strong and sustainable, Rajan said after a board meeting of the RBI. Meanwhile, Finance Minister Arun Jaitley had said the country needed growth to accelerate to 8-10% from 6-8% levels to pull the country's most disadvantaged sections out of poverty.
On Thursday, the rupee ended at 63.51 against the US dollar. Global cues remain subdued. The Dow fell 0.16% while S&P 500 was flat. Nasdaq shed 0.08%. Asian markets are also lower with Nikkei and Hang Seng dropping 0.4% while China's Shanghai index remains under pressure and is down over 5%.
RBI governor Raghuram Rajan said the economy is picking up and signs of capital investment are visible even as there a continuing need of putting some of the stalled projects back on track. We need reforms to ensure that growth is strong and sustainable, Rajan said after a board meeting of the RBI. Meanwhile, Finance Minister Arun Jaitley had said the country needed growth to accelerate to 8-10% from 6-8% levels to pull the country's most disadvantaged sections out of poverty.
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