Forex

Rupee rises 5 paise to 76.15 against US dollar in early trade

PTI Mumbai | Updated on June 22, 2020 Published on June 22, 2020

The rupee appreciated 5 paise to 76.15 against the United States (US) dollar in early trade on Monday tracking gains in the domestic equity market and sustained foreign fund inflows.

Forex dealers said a weak US dollar against major currencies overseas also helped the domestic unit.

However, rising crude prices and fresh spike in coronavirus cases restricted the gains.

The rupee opened strong at 76.16 against the US dollar, and inched higher to touch 76.15 against the US dollar, up 5 paise over its previous close.

It had settled at 76.20 against the greenback in the previous session on Friday.

Published on June 22, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.