Categories: Business

Rupee ends 7 paise higher at 75.65 per dollar

Photo: GOOGLE

Rupee Vs dollar

new Delhi. Given the increase in investment by foreign funds and a sharp trend in the domestic stock markets, the interbank foreign exchange market saw a recovery after the initial fall in the rupee on Thursday and the domestic currency rose seven paise to 75.65 against the dollar. Closed.

According to market experts, the rupee traded in a limited range. During this period, the market was supported by the rise in domestic stock market, falling crude oil prices and increased investment of foreign funds. On the other hand, the strengthening of the dollar and increasing cases of corona virus affected investors' sentiments, which limited the rupee's gains.

The rupee opened at Rs 75.76 per dollar in the interbank foreign exchange market but at the end of trading the rupee closed at 75.65 per dollar, showing a rise of seven paise over its previous closing price. The rupee had closed at 75.72 against the dollar on Wednesday.

This post was published on June 25, 2020 6:29 pm

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