Forex

Rupee recovers from day’s lows, settles 20 paise higher at 70.87

PTI Mumbai | Updated on October 03, 2019 Published on October 03, 2019

File photo   -  The Hindu

The Indian rupee recovered from the day’s lows and settled higher by 20 paise at 70.87 to the US dollar on Thursday, helped by weakening of the greenback overseas and easing crude oil prices.

However, sustained foreign fund outflows and sell-offs in domestic equities put pressure on the forex market, somewhat capping the rupee gains.

At the interbank foreign exchange market, the rupee opened weaker at 71.22 a dollar. It fell further to the day’s low of 71.35, before recouping losses to touch a high of 70.86.

The local unit finally settled at 70.87, up 20 paise against its previous close.

Published on October 03, 2019
  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.