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Business Economy


Rupee gains 20 paise against USD

Rupee gains 20 paise against USD

Mumbai, Jun 18 (UNI) The Rupee on Tuesday appreciated by 20 paise to 69.70 against the US Dollar, on renewed selling of US Dollars by bankers and exporters, dealer at Forex Market informed.

Easing crude oil prices and positive close in local domestic market supported the rupee. However, foreign fund outflows weighed on the domestic currency.

Forex traders said investors are waiting the outcome of the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week.

The rupee opened strong at 69.82 at the interbank forex market then gained further ground to touch 69.62 per dollar. High fluctuation was witnessed as it registered day high and low at 69.86 and 69.62 respectively.

The Rupee remained firm on Tuesday due to weak dollar against other world currencies, dealers added.

On Monday, the rupee had settled at 69.90 against the US dollar.



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