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Rupee Trades Weak At 69.70/Dollar

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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]
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