Indian Rupee moves up by 10 paise against USD
Mumbai, Jun 18 (UNI) The Rupee on Tuesday appreciated by 10 paise to 69.80 in early trade on selling of US Dollars by bankers and exporters, dealers at Forex Market said.
Positive opening in domestic equities and easing crude prices supported the Rupee. However, foreign fund outflows weighed on the domestic currency, the dealers said.
Forex traders said investors are awaiting 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 69.80 per dollar amid positive opening in domestic equities, displaying gains of 10 paise against the greenback.
High fluctuation was seen during intra-day session as it registered day high and low at 69.84 and 69.76 respectively.
On Monday, Rupee had settled at 69.90 against the US dollar.
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