Rupee breaks its Silence in International Market

On Friday Rupee increased by 22 paise and reached 73.86 against the US Dollar which is due to the increasing momentum in Asian Currencies and reduction in prices of International Crude Oil. Domestic Currency lost 128 paise due to the continuous reduction in eight consecutive sessions. According to HDFC Securities” Aggressive Dollar selling of few banks and the IPO (Initial Public Offering), related capital inflows strengthened rupee.