Rupee continues hike against US Dollar

The value of the rupee rising against the US dollar continuously with the upsurge of 49 paise on Wednesday as compared to the recent close of $499 million inflows from the International Monetary Fund (IMF) and a Eurobond issue of $2.5 billion.

Meanwhile dollar closed at Rs153.09 while the value of dollar recorded at Rs152.60 during early trade at interbank today after having opened at Rs152.50.

Earlier today, the dollar hit a 22-month low of Rs151.50, last seen on June 11, 2019, before rebounding. The lowest trade reported so far today was at Rs151.75.