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Dollar dilemma: Inflationary woes to weaken rupee freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
File photo for representation. | Photo Credit: REUTERS Forex traders said weak Asian currencies and strengthening of the greenback in the overseas market were the other factors that dragged down the local unit. The Indian rupee slipped 14 paise to 73.21 against the U.S. dollar in early trade on Monday, as rising crude oil prices and weak domestic equities weighed on investor sentiments. Forex traders said weak Asian currencies and strengthening of the greenback in the overseas market were the other factors that dragged down the local unit. At the interbank foreign exchange, the domestic unit opened at 73.21 against the dollar, registering a decline of 14 paise over its previous close. ....
The Rupee has lost 17 paise in the two trading sessions to June 9 The rupee declined by 8 paise to end at 72.97 against the U.S. currency on June 9 in its second straight day of losses amid a lacklustre trend in domestic equities. At the interbank foreign exchange market, the rupee opened on a negative note at 72.90 per dollar as against its previous close of 72.89. It hovered in the range of 72.88 to 73.02 per dollar during the day before ending at 72.97. The domestic currency has lost 17 paise in the two trading sessions to June 9. The local unit traded in a narrow range amid lack of any major data on June 9 in the domestic and the international markets, traders said. ....
Rupee slips 13 paise against US dollar in early trade freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
On June 4, the rupee had settled at 72.99 against the U.S. dollar The rupee surged 12 paise to 72.87 against the U.S. dollar in opening trade on June 7 following weakness in the greenback overseas and a positive trend in the domestic equities. Besides, lower crude prices also supported the domestic unit, dealers said. At the interbank foreign exchange, the rupee opened strong at 72.85 against the dollar and lost some ground to touch 72.87 in early deals, a rise of 12 paise over its previous close. On Friday, the rupee had settled at 72.99 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03% to 90.11. ....