Afternoon D & C Dedicated To Mumbai
Home > Business > Rupee rises 3 paise to 70.46 against US dollar

Rupee rises 3 paise to 70.46 against US dollar

Thursday, December 06, 2018

The rupee ticked higher by 3 paise to 70.46 against the US dollar yesterday amid weakness in the greenback and easing crude oil prices.

Forex traders said the rupee's rise was supported by dollar-selling by exporters and banks. Meanwhile, the Reserve Bank of India yesterday left the repo rate unchanged at 6.5% while maintaining the stance of 'calibrated tightening' of policy. At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.70 and lost further ground to hit a low of 70.75.

The local unit, however, pared the initial losses and finally ended the session at 70.46 to the US dollar, up 3 paise. On Tuesday, the rupee had slipped 3 paise to close at 70.49 due to increased demand for the American currency from importers.

Brent crude, the international benchmark, was trading 0.32% lower at USD 61.88 per barrel yesterday.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Hoarding collapse which claimed four lives in Pun
The accused arrested by the Crime Branch is ...
In what could be termed as a revolutionary ...
Is it safe to have intercourse during the menses?
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Today, you may be stumped by some mysterious and wonderful event. That, or you may encounter an unexpected yet advantageous incident. It may not exactly be path-breaking, but it is sure to make you take stock of things. Also, you may find it difficult to meet deadlines today. Nevertheless, let people know how important your work is, says Ganesha.
- Advertising -
After a stupendous response to India’s biggest sc
In celebration of the Christmas spirit, Novotel I
Youth Theatre Festival Thespo dedicates 20th edit
Read More