Indian market: Rupee down by 11 paise against USD
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
