Comments
The rupee ended at 65.58 against the US dollar on Wednesday at the Interbank Foreign Exchange tracking the gains in the domestic equity market after the Reserve Bank cut interest rates by 0.50 per cent yesterday.
The rupee traded in a range of 65.87 and 65.58 in intra-day deals.
Forex dealers said besides the positive sentiment on the domestic equity market, the dollar’s weakness against other currencies overseas, supported the rupee.
The domestic currency had gained nine paise to close at 65.96 against the US currency in Tuesday’s trade on persistent selling of dollars by banks and exporters amid sustained capital inflows.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.