Editorial photo #10793504 Economy, Business and Finance
The Indian Rupee Ended Slightly Weaker As U.S. Dollar
The Reserve Bank of India (RBI) on Friday permitted banks to open additional current accounts for export proceeds in addition to special rupee vostro accounts. The move by RBI is in line with a view to provide greater operational flexibility to exporters. The Indian rupee ended slightly weaker on Friday as buoyant U.S. dollar demand from local companies offset the positive cues from strength in its Asian peers. The rupee closed at 83.27 compared with its close of 83.2325 in the previous session. The currency was rangebound between 83.01 and 83.3325 this week and ended largely unchanged from last Friday. A businesswoman hands counting Indian currency 100, 200, 500 rupee notes before putting it in the locker in a medicine shop at Tehatta, West Bengal, India on 18/11/2023. (Photo by Soumyabrata Roy/NurPhoto)
