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Rupee up 2 paise versus $

Wed June 19 2019

 

 

The rupee inched up 2 paise to end at 69.68 against the US dollar on Wednesday ahead of the US Fed’s interest rate decision.

 

Hopes of a breakthrough in US-China trade talks and softening crude oil prices supported the local unit, forex traders said.

 

At the interbank foreign exchange (forex) market, the domestic currency opened at 69.57 to a dollar and gained further strength to touch a high of 69.49 during the day.

 

However, it could not hold on to the gains and finally ended at 69.68, up 2 paise over its previous close.

 

The rupee had settled at 69.70 against the US dollar on Tuesday.

 

Source: Reuters

 

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