FOREIGN EXCHANGE MARKET

Rupee rises 21 paise to 69.44 vs USD in early trade

2:15 pm June 11, 2019

Mumbai: The rupee appreciated by 21 paise to 69.44 against the US dollar in opening trade Tuesday, driven by weakening of the greenback and positive opening in domestic equities. At the interbank foreign exchange market, the domestic unit opened at 69.49 against the dollar, then gained momentum and touched 69.44, up 21 paise over its […]

Rupee ends almost flat at 69.28 against dollar after RBI cuts rate

8:03 pm June 6, 2019

Mumbai: The Indian rupee recouped most of its early losses and closed marginally lower at 69.28 to the US dollar after the Reserve Bank in a widely expected move cut key interest rates by 0.25 percentage point. To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its […]

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