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Rupee up 9 paise to end at 64

Rupee up 9 paise to end at 64.37/$

Mon Dec 04 2017

 

The rupee today rebounded by 9 paise to end at 64.37 against the US dollar in a highly volatile trade on fresh selling of the greenback and also emboldened by encouraging Q2 GDP numbers and monthly manufacturing data.

 

The rupee today opened sharply lower at 64.55 compared to last Thursday’s close of 64.31 at the Interbank Foreign Exchange (forex) market on sustained dollar pressure.

 

It drifted sharply to hit a fresh intra-day low of 64.57 in mid-morning deals before making a spirited recovery.

 

After scaling a high of 64.28 towards the fag-end trade, the local unit finally settled at 64.37, showing a gain of 9 paise, or 0.14 per cent.

 

The rupee today dropped to a low of 64.57 in intra-day trade. It had depreciated by 15 paise on Thursday.

 

Source: Hindu business line.

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