8 Articles
8 Articles
Rupee rises 14 paise to close at 86.59 against US dollar
MUMBAI, June 20: The rupee appreciated by 14 paise to close at 86.59 (provisional) against the US dollar on Friday aided by a fall in global crude oil prices and a weakening greenback. A strong show in the domestic equity markets, and FII inflows further supported the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 86.65 against the US dollar and traded in a narrow range of 86.55-86.67 before sett…
Rupee Rises 13 Paise to 86.60 Against Dollar Amid Falling Crude Prices, Weak Greenback
Mumbai (PTI): The Indian rupee appreciated by 13 paise to 86.60 against the US dollar in early trade on Friday, supported by a decline in global crude oil prices and a weakening dollar index. After closing at a two-month low of 86.73 on Thursday — following a 69-paise drop over three consecutive sessions — the rupee opened at 86.65 and strengthened further. Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors, stated that market unc…
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