Key Highlights
- In the interbank foreign exchange market, the rupee began trading at 90.37 but soon fell further to 90.44 against the dollar, which is 10 paise lower than the previous day's closing level.
- On Wednesday, the rupee decreased by 11 paise to finish at 90.34 against the US dollar, following a drop of 6 paise the day before.
- The US dollar reached a six-week peak following surprising strong labor market data.
- For the week ending January 10, initial jobless claims in the US decreased to 198,000, marking the second-lowest figure in almost two years, and significantly lower than the anticipated increase to 215,000.
- The data conveyed a straightforward message — the US economy remains resilient.
