Rupee logs third straight day good points, up 12 paise at 71.72

MUMBAI: The Indian rupee continued its successful momentum for a 3rd session in a row on Friday, rising 12 paise to settle at 71.72 in opposition to the US greenback as indicators of easing commerce tensions between the US and China enthused traders. On a weekly foundation, the home forex, nonetheless, misplaced 30 paise to the US greenback.

The Indian forex has appreciated by 67 paise within the final three buying and selling classes. On Friday, the native unit opened on a powerful be aware at 71.87 and eventually closed at 71.72, increased by 12 paise over its earlier shut.

In the course of the day, the home unit shuttled between a excessive of 71.59 and low of 71.89 in the course of the day. The rupee had settled at 71.84 in opposition to the US greenback on Thursday.

In a serious increase to investor sentiment globally, China and the US have agreed to carry the following spherical of commerce negotiations in Washington in early October to finish the bruising commerce conflict.
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