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Indian market: Rupee down by 11 paise against USD

Indian market: Rupee down by 11 paise against USD

India Blooms News Service | @indiablooms | 21 Jun 2019, 12:14 pm

Mumbai, Jun 21 (UNI) The Rupee on Friday declined by 11 paise to 69.55 against the US Dollar, on renewed buying of US Dollars by bankers and exporters, dealers at Forex Market informed.

Negative close in local domestic market,foreign fund outflows and rising crude oil prices weighed on the local unit, the dealers said.

The domestic currency opened sharply lower at 69.75 against the dollar at the interbank foreign exchange (Forex) market.

However, a weak dollar against major currencies overseas restricted the rupee’s fall, they added.

High fluctuation was witnessed as as it registered day high and low at 69.76 and 69.52 respectively.

On Thursday, the rupee had settled at 69.44 against the US dollar, up by 24 paise.