The rupee on Friday settled at 74.89/$1 as against 74.8600 per US dollar on Thursday.
The newfound stability of the currency could be a sign of the economy getting stronger and more balanced.
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New York Fed President John Williams said on Thursday that a half-point rate rise next month was "a very reasonable option," in a further sign that even more cautious policymakers are on board with faster monetary tightening. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. The euro slipped 0.14% to $1.0812, heading back toward the overnight low of $1.0785, a level unseen since April 2020. The greenback was 0.43% higher at 126.40 yen after earlier reaching 126.56 for the first time since May 2002. Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low.Rupee can hit 80 mark against US dollar: Jamal Mecklai.Dollar retraced against its major crosses after core PCE index number came in line with estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services "Rupee continued to trade in a narrow range and volatility remained low despite gains in domestic equities. Rupee rises by 4 paise to close at 77.54 against US dollar on stocks rally.We use the midpoint between the buy and sell rates of USD to AUD at currency exchanges across the globe. As of 16:00PM UTC two thousand twenty dollars is equal to 2,852.12 (AUD) or two thousand eight hundred fifty-two australian dollars 12 cents. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 101.70. 2,020 USD to AUD Dollars to Australian Dollars. Rupee slips 12 paise to close at 77.66 against US dollar.