Rupee gains as dollar drops by Rs3.31 in interbank market


The US dollar fell on Friday by Rs3.31 against the rupee in the interbank market. The interbank dollar rates closed at Rs163.57 for the day, declining 1.98% as the rupee strengthened. On April 16, the interbank market closing rate was reported at Rs166.88 against the US dollar. The gain in rupee today came on the heels of the International Monetary Fund’s approval for disbursement of US$1.386