Rupee recovers by 19 paise against USD

Rupee recovers by 19 paise against USD

Agency News

Mumbai, Sep 3: Smart recovery was seen in the Indian currency on Monday, as it rose by 19 paise to 70.80 amid robust growth data for the April - June quarter of current fiscal, Forex dealer informed.

The Rupee was record low on Friday at 70.99. The local unit registered intraday high and low at 70.85 and 70.71 respectively on weak Dollar against other world currencies, he said.

As per data released after market hours on Friday showed India’s economy grew at a two-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of manufacturing and agriculture sectors, increasing its lead over China to remain the world’s fastest growing major economy. (UNI)