You are here: Home » Finance » Money & Forex Markets » News
Business Standard

Rupee recovers from intra-day low of 69.03 to trade at 68.82 against dollar

Major currencies traded lower in early Asian trade mostly due to demand for the US currency and a lower opening in the domestic equity market

Rupee Versus Dollar  |  Forex  |  Global Trade War

Press Trust of India  |  Mumbai 

Indian currency
Photo: Shutterstock

The rupee recovered 21 paise from an intra-day low of 69.03 to trade at 68.82 against the US dollar in late morning deals.

As the US is set to impose tariffs on Chinese goods on Friday and sustained foreign capital outflows pressured the sentiment, the rupee fell sharply to 69.03 a dollar before quoting 68.82 at 1145 hrs.

The rupee moved in the range between 68.82 and 69.03 during morning trade.

Overseas, major currencies traded lower in early Asian trade as investors remained cautious ahead of the US tariffs imposition on Chinese goods.

The 30-share BSE Sensex trading was higher by 123.82 points or 0.35 per cent at 35,698.37 at 1150 hrs.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, July 06 2018. 12:29 IST