Rupee sees best week in five; traders await US jobs data
Friday, 2 June 2023 The Indian rupee closed at 82.3050 against the US dollar on Friday, resulting in its best week in five due to the weakening of the US dollar. Upbeat Indian economic growth figures coupled with an improvement in foreign investment have improved investor confidence in the country. US economic data is now being monitored in order to predict the direction of the US Federal Reserve in relation to interest rates which could impact the dollar index.
Labor Market , Remains Healthy , Despite Rising Unemployment.
ABC News reports that America's labor market remains strong, despite the number of new applications
for unemployment benefits rising slightly last week.
For the week ending May 27, new applications for , jobless claims rose to 232,000,...
Friday, 2 June 2023
