For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

RBI intervention pulls rupee back to 63.54

|
 RBI intervention pulls rupee back to 63.54
The rupee gained in trade afternoon on possibility that the RBI may have sold dollars at the 64 levels to push the rupee higher.
 

The currency had dropped to as much as 64.13 on persistent dollar demand after closing at Rs 62.13 on Monday.

Dealers say the RBI may have to keep intervening in the forex market as dollar strength is prevalent in a host of other Asian currencies.

According to news reports the Ringit touched a 3-year low, while the Indonesia rupiah slid to a 4-year low.

Fears that the Federal Reserve may withdraw its stimulus has pushed stock prices lower across markets, and pushed the currencies of countries whose current account deficits are high.Check currency rates here

GoodReturns.in

Read more about: dollar
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more