Markets

-- Rupee up 3 paise against US dollar --

The rupee opened higher at 63.48 per dollar from yesterday’s closing level of 63.51 at the inter-bank foreign exchange market today.

 

The rupee is trading up by 3 paise to 63.48 per dollar in late morning deals against the American currency on sustained bouts of dollar selling by exporters and banks amid higher local equities.

The rupee opened higher at 63.48 per dollar from yesterday’s closing level of 63.51 at the inter-bank foreign exchange market today.

The Indian unit hovered between a high of 63.45 and low 63.53 during morning trade, before it was quoting at its opening level of 63.48 per dollar at 1030 hrs.

The US dollar was trading subdued against its major rivals in early Asian trade, as yen jumped after the Bank of Japan trimmed its buying of long-dated Japanese government bonds in market operations. -- Rupee up 3 paise against US dollar --

The rupee is trading up by 3 paise to 63.48 per dollar in late morning deals against the American currency on sustained bouts of dollar selling by exporters and banks amid higher local equities.

The rupee opened higher at 63.48 per dollar from yesterday’s closing level of 63.51 at the inter-bank foreign exchange market today.

The Indian unit hovered between a high of 63.45 and low 63.53 during morning trade, before it was quoting at its opening level of 63.48 per dollar at 1030 hrs.

The US dollar mostly trading subdued against its major rivals in early Asian trade, while yen jumped after the Bank of Japan trimmed its buying of long-dated Japanese government bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy.

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Printable version | Jun 4, 2020 3:04:18 PM | https://www.thehindu.com/business/markets/rupee-rebounds-6-paise-against-dollar-in-early-trade/article22402391.ece

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