Rupee posts biggest weekly gain against the US dollar in 20 months

Rupee posts biggest weekly gain against the US dollar in 20 months Indian Rupee recorded highest in nearly six months against US dollar on Friday The partially convertible rupee ended at 73.40 per dollar, up 0.6% The rupee rose nearly 2% for the week, its biggest weekly gain since December 2018 Foreign Portfolio Investors have bought $6.2 Bn worth Indian shares so far this month RBI was regularly buying dollars via state-run banks to prevent sharp appreciation for rupee

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