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Rupee pares initial losses, still down by 2 paise against USD

Press Trust of India  |  Mumbai 

The rupee pared initial losses, but was still quoting lower by 2 paise in late morning trade to 68.40 against the American currency on demand from banks and importers amid higher dollar overseas.

The Indian currency opened lower by 10 paise at 68.48 as against Wednesday's level of 68.38 per dollar at the Inter-Foreign Exchange (Forex) market.



It hovered in the range of 68.52 to 68.38 per dollar during the morning deals, before quoting at 68.40 at 1015 hrs.

The dollar index were trading down 0.07 per cent at 101.46 against a basket of six currencies.

Overseas, the was broadly firm at Asian trade, hitting 9 1/2-month highs against the yen as prices surged after OPEC agreed to output cuts - lifting expectations and US bond yields.

The dollar's rebound came as prices jumped around 9 per cent yesterday as OPEC members agreed to cut production for the first time since 2008.

Meanwhile, the benchmark were trading up by 31.04 points or 0.12 per cent at 26,683.85 at 1025 hrs.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Rupee pares initial losses, still down by 2 paise against USD

The rupee pared initial losses, but was still quoting lower by 2 paise in late morning trade to 68.40 against the American currency on demand from banks and importers amid higher dollar overseas. The Indian currency opened lower by 10 paise at 68.48 as against Wednesday's level of 68.38 per dollar at the Inter-bank Foreign Exchange (Forex) market. It hovered in the range of 68.52 to 68.38 per dollar during the morning deals, before quoting at 68.40 at 1015 hrs. The dollar index were trading down 0.07 per cent at 101.46 against a basket of six currencies. Overseas, the US dollar was broadly firm at Asian trade, hitting 9 1/2-month highs against the yen as oil prices surged after OPEC agreed to output cuts - lifting inflation expectations and US bond yields. The dollar's rebound came as oil prices jumped around 9 per cent yesterday as OPEC members agreed to cut production for the first time since 2008. Meanwhile, the benchmark BSE Sensex were trading up by 31.04 points or 0.12 per ... The rupee pared initial losses, but was still quoting lower by 2 paise in late morning trade to 68.40 against the American currency on demand from banks and importers amid higher dollar overseas.

The Indian currency opened lower by 10 paise at 68.48 as against Wednesday's level of 68.38 per dollar at the Inter-Foreign Exchange (Forex) market.

It hovered in the range of 68.52 to 68.38 per dollar during the morning deals, before quoting at 68.40 at 1015 hrs.

The dollar index were trading down 0.07 per cent at 101.46 against a basket of six currencies.

Overseas, the was broadly firm at Asian trade, hitting 9 1/2-month highs against the yen as prices surged after OPEC agreed to output cuts - lifting expectations and US bond yields.

The dollar's rebound came as prices jumped around 9 per cent yesterday as OPEC members agreed to cut production for the first time since 2008.

Meanwhile, the benchmark were trading up by 31.04 points or 0.12 per cent at 26,683.85 at 1025 hrs.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Rupee pares initial losses, still down by 2 paise against USD

The rupee pared initial losses, but was still quoting lower by 2 paise in late morning trade to 68.40 against the American currency on demand from banks and importers amid higher dollar overseas.

The Indian currency opened lower by 10 paise at 68.48 as against Wednesday's level of 68.38 per dollar at the Inter-Foreign Exchange (Forex) market.

It hovered in the range of 68.52 to 68.38 per dollar during the morning deals, before quoting at 68.40 at 1015 hrs.

The dollar index were trading down 0.07 per cent at 101.46 against a basket of six currencies.

Overseas, the was broadly firm at Asian trade, hitting 9 1/2-month highs against the yen as prices surged after OPEC agreed to output cuts - lifting expectations and US bond yields.

The dollar's rebound came as prices jumped around 9 per cent yesterday as OPEC members agreed to cut production for the first time since 2008.

Meanwhile, the benchmark were trading up by 31.04 points or 0.12 per cent at 26,683.85 at 1025 hrs.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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