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Rupee jumps sharply against US dollar, a day after hitting all-time lows

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The Indian rupee today moved sharply higher against the US dollar amid an improvement in risk sentiment. Other Asian currencies have also moved higher against the US dollar.

The rupee today opened at 76.56 and moved in the range of 76.56 to 76.62 against US dollar. The rupee had closed at 76.86 per dollar in the previous session after it hit a new low of 76.87.

Indian stock market benchmark index Sensex was up over 1000 points today tracking firm Asian markets. Asian stocks gained traction today after US President Donald Trump's announced plans to gradually re-open the US economy.

Data from China showed the world's second-largest economy shrank for the first time since at least 1992 because of the coronavirus outbreak and tough

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Gotabaya Rajapaksa - The economy is recovering, says President during meeting with professionals - newsfirst.lk
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The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
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