Rupee Recovers from All-Time Low Against the US Dollar

By Olga Robert
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The rupee recovered from its record low rising up by 18 paise to 68.61 against the US dollar in early trade on Friday on fresh selling of the American currency by banks and exporters.

    Rupee Recovers from All-Time Low Against the US Dollar

    Strengthening of the dollar by nearly six percent in the current quarter has slowed emerging markets like that of India substantially. International media reports suggest that the US economy has, however, slowed down from weak consumer spending in nearly five years but is regaining momentum.

    Check current currency exchange rates here.

    Global growth outlook has also weakened in the recent weeks said the European Central Bank amid increased protectionism and trade wars especially between the US and its trade partners.

    The Indian rupee had yesterday breached the 69-mark after a rise in crude oil price, a stronger dollar, inflation and fiscal slippage factors but covered lost ground to finally close at 68.79 with a fall of 18 paise against the US dollar.

    Meanwhile, the BSE benchmark Sensex rebounded by 142.86 points, or 0.40 percent, to 35,180.50 in early trade today.

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

    Find IFSC

    Get Latest News alerts from Goodreturns

    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