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Rupee spurts 19 paise to 69

Rupee spurts 19 paise to 69.11

Wed Apr 10 2019

 

 

Rising for the second straight session, the rupee advanced 19 paise on Wednesday to close at 69.11 against the US dollar on strong foreign fund inflows amid the greenback’s weakness against key rivals overseas.

 

At the interbank foreign exchange market, the domestic unit opened at 69.26 and advanced to 69.09. It finally settled at 69.11, showing a gain of 19 paise over its previous close.

 

Forex dealers said selling of the American currency by exporters supported the rupee. Moreover, IMF’s bullish growth outlook for the Indian economy added strength to the local currency. The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.07 per cent to 96.93.

 

Source: Hindu business line.

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