Business Standard

Rupee opens 6 paise higher at 69.24 against US dollar

The domestic unit slumped 42 paise to end at 69.30 on Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback.

rupee
Premium

SI Reporter New DDelhi
The rupee opened 6 paise higher at 69.24 against the US dollar on Friday. The domestic unit slumped 42 paise to end at 69.30 on Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback.

On Thursday, the rupee consolidated for the whole session but in the last hour of the day started to come under pressure following month-end dollar demand. Weakness was also on the back of strength in the US dollar against its major crosses ahead of the important GDP number that was released yesterday, says Gaurang Somaiya, Research Analyst (Currency)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 29 2019 | 9:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com