Rupee appreciates against U.S. Dollar in early trade

The Indian rupee strengthened by 5 paise to Rs 44.67 per U.S. dollar in early trade on the Interbank Foreign Exchange on Friday, largely in tandem with dollar weakness against other Asian currencies overseas.

The rupee had softened by two paise to close at 44.72/73 against the US currency in yesterday’s trade amid a weak domestic equity market and stray dollar demand from importers.

Forex dealers said dollar weakness against other currencies overseas mainly supported the Indian rupee.

A letter from the Editor

Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | May 31, 2020 8:59:14 PM |

Next Story