Tag: Streak

NEW DELHI: The rupee snapped a four-day losing streak to close 27 paise higher at 82.94 against the dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by RBI. Besides, the local unit appreciated after RBI announced the discontinuation of incremental cash reserve ratio in a phased manner by October 7, forex traders said.On Thursday, the rupee had fallen to its lifetime low close of 83.21 against the dollar. "The rupee snaps four-day decline and best performer among the Asian currencies amid RBI...