In the investors’ and exporters’ foreign exchange window, the naira, Nigerian weak local currency, fell 0.02 per cent to N416.33 against the United States dollar as pre-election activities, spending begins to gather steam. Nigerian news
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Rupee Pares Losses To End 9 Paise Higher At 72.65 On Weak Dollar, Forex Inflows
The domestic unit finally ended 9 paise higher at 72.65 against the US dollar. On Wednesday, the rupee had settled at 72.74 against the American currency.
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The rupee pared its initial losses to settle higher by 9 paise at 72.65 against the US dollar on Thursday following consistent forex inflows and losses in the American currency in the global markets.
At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. The rupee touched a low of 72.78 and a high of 72.65 during the day.