The Rupee Strengthened By 5 Paise In Opening But Immediately Turned Lower - Dollar Advisory & Financial Services

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Thursday 18 January 2018

The Rupee Strengthened By 5 Paise In Opening But Immediately Turned Lower

The rupee strengthened by 5 paise in opening but immediately turned lower despite strong equity markets.

It was trading at 63.90 against the US dollar, down 2 paise from previous close. Besides, domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

Yesterday, the rupee had rebounded by 16 paise to end at 63.88 against the US currency on bouts of dollar selling by exporters and banks.

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