Rupee posts 2nd biggest rise in decade, bounces back to 63.20 vs USD

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img1Mumbai, Aug 23 (PTI): After the government’s pep talk, the Indian rupee Friday made a stunning comeback, snapping a six-session losing streak to rise by 135 paise and close at 63.20, its second-biggest rise in a decade in absolute terms.

Comments from the government and the Reserve Bank of India, which came after the rupee slid to an all-time intra-day low of 65.56 on Thursday, boosted sentiment and also helped local shares rally.

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