Rupee Touches Highest Mark In Four Months: Up By 28 Paise Against Dollar

The Indian currency on January 4 surged at a four-month high against the US dollar, opening at 72.84 from the last close of 73.12. Experts opined that the positive increment has resulted after Indian government approved two COVID-19 vaccines. Citing the record-high GST collections in December 2020, the IFA Global CEO Abhishek Goenka said the domestic consumption is recovering and also expected a further rise in rupee in the future.