Rupee drops as dollar rallies; key U.S. jobs data awaited
The rupee ended the session at 82.72 per dollar, compared with its previous close of 82.5550, and gave up most of Thursday’s gains of 0.31%. For the week, the currency ended largely unchanged.”The dollar is gaining … and we’re seeing the rupee react to a selloff in equities,” said Gaurang Somaiya, FX and bullion analyst at Motilal Oswal Financial Services.
