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Rupee rebounds from lifetime lows, gains 18 paise

Rupee rebounds from lifetime lows, gains 18 paise

Wed Oct 10 2018

 

The rupee snapped its six-session losing streak to end 18 paise higher at 74.21 against the US dollar on Wednesday after the American currency weakened overseas.

 

At the Interbank Foreign Exchange (Forex), the domestic unit opened higher at 74.18 and advanced to 74.05 on fresh dollar selling by exporters amid weakness in the greenback against some currencies overseas.

 

However, the rupee erased some gains and finally settled for the day at 74.21 -- up by 18 paise, registering its first rise after sixth straight sessions of losses.

 

On Tuesday, the rupee tumbled 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar.

 

Source: Hindu business line.

Prices
Tuesday, October 16, 2018
ExchangeCommodityContractOpenHighLowClose
WINNIPEGBarleyDec18244.7249244.5248.65
CSCECocoa-CSCEDec182131222221222194
LIFFECocoa-LIFFEDec181569160815511589
NYCECottonDec1978.937978.2578.33
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