For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee Trades Weak At 69.70/Dollar

|

The Indian rupee in opening trade resumed trade on a weaker note and fell by 31 paise and traded at 69.75 versus previous close of 69.44.

 

Rupee Trades Weak At 69.70/Dollar

Rally in domestic equities provided a breather to the rupee which at one-point during the day on Thursday turned highly volatile after Fed provided for rate cuts in the future.
Benchmark yield on bonds was also dragged to a 20-month low giving bond investors a reason to cheer.

As per a brokerage firm, rupee's trajectory in the future course shall be determined more by the global cues such as the G-20 meet scheduled for next week and the outcome of the ongoing dpat between the US and China.

GoodReturns.in

Story first published: Friday, June 21, 2019, 9:40 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X