The Rupee Edged 2 Paise Lower To 62.66 Against The US Dollar - Dollar Advisory & Financial Services

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Friday 4 May 2018

The Rupee Edged 2 Paise Lower To 62.66 Against The US Dollar

The rupee edged 2 paise lower to 62.66 against the US dollar after opening one paisa higher after the greenback weakened overseas ahead of monthly US jobs report and China-US trade meet outcome.

Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies as senior Chinese and US officials met in Beijing today for a second day of trade talks, supported the domestic unit.

Investors are also keeping an eye on the US employment report for April for further indications of the strength of the US labour market and inflation pressures, they added.

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