USD vs INR, Dec. 20 -- The Indian Rupee bounced back strongly after hitting a record high of 91.07 against the US Dollar (USD). The Indian National Rupee (INR) appreciated for the third straight session on Friday and finished at 89.59, recovering over 1.60% against the record high. According to stock market experts, the Indian Rupee appreciated on Wednesday and Thursday following the Reserve Bank of India's (RBI) aggressive selling of the USD. Friday's escalation in the INR can be attributed to the Bank of Japan's decision to hike interest rates. They said that the Bank of Japan's interest rate decision is expected to put pressure on the US dollar, leading to a pause in the FIIs' selling in the Indian stock market.

On how this Bank of Ja...