Rupee rises 8 paise to 69.38 vs USD in early trade

June 12, 2019 10:19

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Wednesday, driven by easing crude oil prices and foreign fund inflows.

Forex traders said the weakening of the greenback vis-a-vis some major currencies overseas aided the local unit.

However, a weak opening in domestic equities weighed on the domestic currency. The rupee opened strong at 69.38 at the interbank forex market, then gained further ground and touched 69.36, displaying gains of 8 paise over its last close.

The local unit however, pared some gains and was trading at 69.38, up 6 paise from its previous close at 1005 hrs. The rupee had settled at 69.44 against the US dollar Tuesday. -- PTI

« Back to LIVE

TOP STORIES

India can speak...: US on Australian journalist's visa row

The row was erupted after Australian journalist Avani Dias claimed she was forced to leave India.

So That's Why Sharvari, Vaani Are Looking So Pretty

Are these B-Town's most fashionable floral moments?

Control the controllables: Patidar's mantra for success against SRH

Rajat Patidar struck a quickfire half-century to set up Royal Challengers Bengaluru for a 35-run win over Sunrisers Hyderabad in their IPL match at the Rajiv Gandhi International Stadium on Thursday.

2nd phase of LS poll underway amid heat wave concerns

The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.

'Modi's Speech Is A Response To Congress Obsession With Vote Bank Politics'

'You want to distort the very fabric of Indian society because you are obsessed with vote bank politics.'