 "Rupee hits one-week high in trade")
The rupee was trading at 62.23/24 after hitting a one-week high of 62.15 earlier in the session and weaker than its close of 62.50/51 on Tuesday.
The euro hit its highest in four years against the yen and rose versus the dollar after German Chancellor Angela Merkel's conservatives reached a deal with the Social Democrats on forming a grand coalition.
Traders said good dollar selling seen from foreign banks but dollar demand from oil firms helped limit a further sharp fall in the USD/INR pair.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app