NEW YORK Dec 5 The dollar gained versus the yen on Wednesday after data showed the pace of growth in the U.S. services sector increased more than expected in November.
The dollar rose as high as 82.19 yen after the data, compared with 82.09 earlier. It was last at 82.16 yen, up 0.3 percent on the day.
Separate data showed new orders received by U.S. factories unexpectedly rose in October.
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India should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday. Full Article