The Indian Rupee Slipped In The Early Trade On Thursday - Dollar Advisory & Financial Services

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Thursday 19 July 2018

The Indian Rupee Slipped In The Early Trade On Thursday

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.

Rupee fell against the US dollar in yesterday’s session following uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.

Following the Fed Chairman testimony the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth, and played down the risks to the US economy of the escalating trade conflict.

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