Rupee opens 24 pase down at 71.36 against USD

September 19, 2019 10:34

The Indian rupee opened 24 paise down at 71.36 against the American currency on Thursday after the US Federal Reserve cut its benchmark interest rate. At the interbank foreign exchange the domestic currency witnessed heavy volatility in early trade.

The rupee opened at 71.36 per US dollar then touched a high of 71.15 and a low of 71.37. On Wednesday, rupee had settled for the day at 71.24 against the US dollar.

The domestic unit pared some losses and was trading at 71.23 against the dollar at 1010 hrs. In line with market expectations the Federal Open Market Committee lowered the policy interest rate by 25 basis points to a target range of 1.75 to 2.0 per cent.

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