NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum.
Rupee touches 4-month high of 84.96/$, but closes at 85.23
The dollar index declined to 101.27, but mildly strengthened to 102.66 later during the day. The rupee moved in the range of 84.95-85.33 to a