Forex

Rupee up 17 paise versus dollar

PTI Mumbai | Updated on March 13, 2019 Published on March 13, 2019

The rupee appreciated against the US dollar in opening trade on Wednesday. (file photo)   -  Reuters

The Indian rupee, on Wednesday, clocked its third straight session of gains, rising 17 paise to close at a fresh two-month high of 69.54 against the US dollar on sustained foreign fund flows.

The US dollar’s weakness against its key rivals overseas strengthened forex market sentiment domestically.

At the interbank foreign exchange market, the domestic unit opened at 69.71 and advanced to a high of 69.42 during the day. It finally settled at 69.54, a rise of 17 paise against the dollar.

This was the best closing level for the Indian unit since January 1 this year, as it ended that day at 69.43. The rupee has gained 60 paise in the last three sessions.

Published on March 13, 2019
This article is closed for comments.
Please Email the Editor