Rupee opens flat against US dollar at 68.06 in the market

Rupee opens flat against US dollar at 68.06 in the market

 

The rupee opened nearly 2 paise down at 68.06 against dollar on Monday on account of buying of American currency by banks and importers amid weak global cues.

The local currency closed nearly 4 paise higher at 68.04 against dollar on Friday. Recent, rally in the domestic equities, which helped stocks to post their highest weekly gains in nearly eight months, lend further support to rupee in the last trading session.

Asian currencies were trading higher as dollar weakened after Donald Trump’s order to halt some immigration compounded investor concerns about protectionist US policies.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.3% from its previous close of 100.53.

 

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Today Rupee opens higher at 68.05 per US dollar in market

Today Rupee opens higher at 68.05 per US dollar in market

 

The Indian rupee on Friday strengthened against the US dollar, tracking the gains in the Asian currencies markets.

The rupee opened at 68.05 a dollar. At 9.15am, the home currency was trading at 68.05 a dollar, up 0.11% from Thursday’s close of 68.13. So far this year, it has fallen 0.2%.

Asian currencies were trading higher after US Federal Reserve chair Janet Yellen said she favours gradually raising interest rates. South Korean won was up 0.38%, Taiwan dollar 0.31%, Philippines peso 0.13%, Thai baht 0.13%, Japanese yen 0.13%, China Offshore spot 0.12% and Singapore dollar rose 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.99, down 0.16% from its previous close of 101.15.

 

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