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Rupee trades strong at 64.50 in early morning deals
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INR
83.368 | United States Dollar |
On Thursday the rupee hit a historic low of 65.56, but later recovered as the RBI may have sold dollars via public sector banks.
Also, Finance Minister's press conference in which he tried to allay fears on the current account deficit also helped to calm nerves.
The Finance Minister reiterated that there would be no capital control measures after some panic gripped the stock and forex markets through the week.
Also, Asian markets and currencies exhibited a calm trend after fears of QE tapering in the US gripped global markets. Check currency rates here
GoodReturns.in
Story first published: Friday, August 23, 2013, 9:12 [IST]