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Rupee trades higher at 69.46 per dollar

Thursday, April 18, 2019, 10:45 AM

The Indian rupee is trading higher by 14 paise at 69.46/dollar on Thursday versus Tuesday close of 69.60. On Wednesday the currency markets were shut on account of Mahavir Jayanti, while it will remain shut on April-19 for Good Friday. Rupee futures are expected to open higher around 69.55 against dollar after robust economic data boosted the Chinese yuan to near nine-month highs.
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Rupee rises for 3rd day, up 19 paise at 68.92

Thursday, April 11, 2019, 9:28 PM

The Indian rupee on Thursday climbed 19 paise to close at 68.92 against US dollar, also marking a third straight-session of gains, driven by sustained foreign fund inflows. Besides, weakness in the greenback against major global currencies and easing crude prices aided the rupee uptrend. The dollar index, which gauges the greenback's strength against a basket of six-currencies, fell 0.03 per cent to 96.91.
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Rupee may continue to gain till election result

Wednesday, April 10, 2019, 9:39 PM

The rupee might continue to appreciate against the dollar till the elections are over, as historical evidence shows that the currency generally tends to do well heading into an election quarter, according to a report by Deutsche Bank. But it might depreciate after that, it said. The rupee however might not be as volatile as it was last year.

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