Forex

Rupee gains 10 paise versus USD

PTI Mumbai | Updated on May 15, 2019 Published on May 15, 2019

The rupee appreciated by 23 paise to 70.21 against the US dollar in opening trade on Wednesday, driven by easing crude prices, higher opening in domestic equities and on US-China trade talk hopes.

The rupee on Wednesday appreciated by 10 paise to close at 70.34 against the US dollar, marking the second straight session of gain driven by easing crude prices, while the Reserve Bank’s plan to conduct open market operation also buoyed investor sentiment.

The rupee opened strong at 70.32 and later rose to the day’s high of 70.17 at the interbank forex market. During the day the local unit touched an intra-day low of 70.39 against the US dollar.

The domestic currency finally settled at 70.34, higher by 10 paise from the previous close. The rupee on Tuesday had recovered 7 paise to close at 70.44 to the US dollar.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on May 15, 2019
This article is closed for comments.
Please Email the Editor