{"id":41090,"date":"2018-09-03T11:57:47","date_gmt":"2018-09-03T11:57:47","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=41090"},"modified":"2018-09-04T15:57:30","modified_gmt":"2018-09-04T15:57:30","slug":"rupee-recovers-from-record-low-up-23-paise-against-us-dollar","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rupee-recovers-from-record-low-up-23-paise-against-us-dollar\/","title":{"rendered":"Rupee recovers from record low, up 23 paise against US dollar"},"content":{"rendered":"<p>The rupee recovered from an all-time low of 71 and strengthened by 23 paise to 70.77 against the US dollar in early trade at the interbank foreign exchange market on Monday amid robust growth data for the April-June quarter of current fiscal.<\/p>\n<p>Official data released after market hours on Friday showed India\u2019s economy grew at a two-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of manufacturing and agriculture sectors, increasing its lead over China to remain the world\u2019s fastest-growing major economy.<\/p>\n<p>Forex dealers said besides fresh selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee. However, a positive dollar against other currencies overseas, on escalating global trade tensions, capped the gains.<\/p>\n<p>On Friday, the rupee had plunged by 26 paise, or 0.37 per cent, to a record low of 71 against the US currency due to worsening macroeconomic factors and heavy month-end dollar demand from importers.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The rupee recovered from an all-time low of 71 and strengthened by 23 paise to 70.77 against the US dollar in early trade at the interbank foreign exchange market on Monday amid robust growth data for the April-June quarter of current fiscal. Official data released after market hours on Friday showed India\u2019s economy grew at [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":41091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410,315],"tags":[],"class_list":["post-41090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-top-stories"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/41090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=41090"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/41090\/revisions"}],"predecessor-version":[{"id":41092,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/41090\/revisions\/41092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/41091"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=41090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=41090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=41090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}