Rupee Recover Against The Dollar, Up By 19 Paise

Written By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Indian rupee on Monday opened 19 paise higher against the US dollar at 68.65 at the Interbank Foreign Exchange. The continued losses of the American currency, increased foreign inflows and a higher opening of the domestic equity markets helped the rupee recover. An intervention by the central bank to help the domestic currency is also suspected.

    Rupee Recovers As Trump's Comments Hurts the US Dollar

    After the Indian currency's steep fall on Thursday night that dragged it down to its all-time low at 69.12 against the dollar, it recovered impressively on Friday surging 21 paise to end at 68.84. The US dollar fell against currencies overseas after the country's president Donald Trump, said that China and Europe were manipulating their currencies and the US Federal Reserve was hurting the country's economy by raising the interest rates, a Reuters report said.

    Meanwhile, the benchmark BSE Sensex rose further by 79.40 points, or 0.21 percent to trade at 36,575.77 in early trade. Foreign portfolio investors (FPIs) bought shares worth Rs 310.27 crore on Friday, as per provisional data, PTI reported.

    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