Forex

Rupee inches up 3 paise vs dollar

PTI Mumbai | Updated on October 23, 2019 Published on October 23, 2019

The Indian rupee rose 3 paise to close at 70.91 against the US dollar on Wednesday amid lack of triggers and geopolitical uncertainties. Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains, forex traders said. At the interbank foreign exchange, the rupee opened lower at 71.01 and fell to 71.03 against the greenback. The domestic unit finally settled for the day at 70.91, higher by just 3 paise over its last close. Brent crude futures, the global oil benchmark, fell 0.77 per cent to $59.24 per barrel.

Published on October 23, 2019
This article is closed for comments.
Please Email the Editor