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Rupee gains 5 paise versus dollar

Rupee gains 5 paise versus dollar

Wed Aug 08 2018

 

The rupee further consolidated its gains by 5 paise to end at 68.63 against the US currency on Wednesday, extending its recovery momentum for the second straight day as the dollar weakened on worsening US-China trade war. The rupee opened a tad higher at 68.66 from Tuesday’s close of 68.68 at the interbank forex market on sustained dollar selling by exporters and bank. It later strengthened to hit a session-high of 68.57 in mid-morning deals, but eventually halted the sharp upmove and settled at 68.63, showing a gain of 5 paise, or 0.07 per cent. A record-setting rally in domestic equities too played a positive role in the forex trading arena.

 

Source: https://www.thehindubusinessline.com/

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