Rupee settles flat at 82.70 against U.S. dollar
The Hindu
The latest government data released on Thursday showed India recorded GDP growth of 7.8% during the April-June period of 2023-24
The rupee ended on a flat note at 82.70 (provisional) against the U.S. dollar on Friday as surging crude oil prices dented the investor sentiment.
The domestic currency, however, found support from positive sentiment in equity markets on the back of robust macroeconomic data.
According to a survey released on Friday, manufacturing activities in India gained momentum in August as new orders and output increased at the quickest rates in nearly three years.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 58.6 in August from 57.7 in July.
The latest government data released on Thursday showed India recorded GDP growth of 7.8% during the April-June period of 2023-24, the highest in the past four quarters, retaining its position as the world's fastest-growing major economy.
At the interbank foreign exchange, the domestic unit opened at 82.58 and touched the lowest level of 82.76 during intra-day trade.
The Indian currency finally settled flat at Thursday's closing level of 82.70 (provisional) against the greenback.
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