Thursday, Apr 25 2024 | Time 01:26 Hrs(IST)
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Business Economy


Indian currency stronger further against greenback

Indian currency stronger further against greenback

Mumbai, May 26 (UNI) The Indian rupee opened with marginal gain of 5 paise at Rs 64.56 per dollar as against previous close of Rs 64.61. A forex dealer said here that the USD-INR currency pair has been trading in the Rs 64.50 and Rs 65 range, with the cross-border tensions limiting the gains. Expect the pair to trade in the Rs 64.40 and Rs 64.90 range today. The dollar index fell against a basket of major currencies following Fed minutes dialled down some expectations of the central bank hiking interest rates soon. Stocks in Asia were mixed at the open today, after major oil producers agreed to extend output cuts for an additional nine months at an OPEC meeting in Vienna yesterday. UNI ST AW1203

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REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

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