MUMBAI: After recording a rise for two consecutive days, the Indian Rupee at the interbank forex exchange on Wednesday weakened against the greenback.
Renowned media house reports the Rupee was last seen changing hands with the Dollar at 82.78 provisionally recording a depreciation by 19 paise. However, the domestic unit witnessed a gain as the day started, which was reversed quickly.
Meanwhile, Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday. The white metal recorded a similar
Shaktiknta Das Governor, amidst the criticism over missing the inflation target, defended the RBI policies saying the economy would have taken a “complete downward turn” if it had started to tighten rates earlier. At the inaugural address at the Annual FIBAC 2022 conference organized jointly by industry bodies, FICCI and IBA on Wednesday Das flagged the Rupee movements as a medium that depicts India’s resilience and stability.