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| The Indian rupee hit a three-week high as of Friday afternoon (Photo: AFP) |
On the one hand, in Pakistan, where the value of the rupee is decreasing day by day and the dollar is flying high, on the other hand, in India, the rupee is becoming stable against the dollar.
The Indian rupee hit a three-week high on Friday afternoon as the US dollar came under pressure following an unexpected contraction in the US economy in the June quarter.
The rupee was trading at 79.24 per dollar at 8:37 GMT on Friday, its strongest level since July 7.
Traders now turn their attention to the Reserve Bank of India's monetary policy meeting next week.
has done, where a 50 bp increase is likely to lead to a 35 basis point (bp) increase.
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