Bitcoin traded just shy of the new record high of $52,640 reached overnight, with its roughly 58 per cent surge this month prompting some analysts to warn that the rally might be unsustainable
Weakness in the US dollar in the final quarter of 2020 along with robust foreign exchange reserves helped the rupee recover about half of the year's losses
Bitcoin Vs Dollar: Major central banks around the globe are exploring whether to allow the issuance of digital currencies, such as bitcoin
Financial Markets Closed Today For Guru Nanak Jayanti: Trading in currency and debt markets will resume on Tuesday, December 1
Bitcoin Vs Dollar: Cryptocurrency Bitcoin was last seen trading higher by more than $800 to $18,173.70 on Sunday, November 29
Bitcoin Price Latest News: Cryptocurrency Bitcoin rose more than 3 per cent to touch the $18,393 mark on Friday, extending recent gains to a fifth straight day. The recent gains in the virtual currency are part of a broader bull run that began last month after US-based online payments company PayPal allowed its customers to use the cryptocurrency on its network. Bitcoin has surged exponentially since entering a four-digit value for the first time in 2013.
On Wednesday, Bitcoin swung in a more than $1,800 range of $16,633-18,450, a day after surging to its highest since December 2017.
The rupee is Asia's worst performer with a year-to-date loss of 4 per cent.
A rally in domestic equities amid continuous foreign fund inflows supported the domestic currency.
While sharp gains in domestic equities and foreign fund inflows, supported the domestic currency, weakness in the greenback overseas leading to dollar buying and rising oil rates limited its appreciation, say analysts.
Rupee Vs Dollar Today: Selling of dollars by exporters supported the rupee, however a gain in the greenback overseas limited the upside, according to analysts.
Rupee Vs Dollar: The dollar index - which measures the dollar against six other currencies - was last seen trading 0.06 per cent.
Rupee Dollar Forex Rate Today: The rupee moved within a 24-paise range, between 73.02 and 73.26, against the dollar, having begun the day mildly stronger at 73.18 compared to its previous close of 73.24.