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Rupee claws back some lost ground, rises 23 paise against US dollar

Rupee claws back some lost ground, rises 23 paise against US dollar

Friday, December 7, 2018, 7:34 PM

The Indian rupee Friday recuperated by 23 paise to close at 70.67 against the U.S. dollar in line with rally in domestic stocks and positive global cues. Forex dealers said the local unit recovered lost ground tracking weakness in American dollar against some currencies overseas following reports that the Federal Reserve could slow down its pace of interest rate hikes next year.
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