ZCZC
BCN-23
INDIA-RUPEE-USD
Rupee falls 19 paise against US dollar in early trade
Mumbai, Mar 20, 2019 (BSS/PTI) – The rupee fell 19 paise to 69.15 against
the US dollar in early trade Wednesday after crude price rose to a four-month
high in global market amid increased demand for the American currency from
importers.
At the interbank forex market, the rupee opened lower at 69.11 and weakened
further to 69.17 on increased demand from importers. However, it recovered
partially to quote 15 paise down at 69.15 against the dollar.
Forex dealers said crude price surge to a four-month high of USD 67.47 per
barrel overseas weighed on the Indian unit, but weakness in the dollar
against a basket of currencies limited the fall.
Halting its six-day winning run, the Indian rupee Tuesday edged lower by 43
paise to close at 68.96 against the US dollar on emergence of demand for the
greenback from importers.
Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs
2,132.36 crore on a net basis Tuesday, provisional data showed.
The benchmark BSE Sensex gained 28.74 points, or 0.07 per cent, to
38,392.21 in early deals.
BSS/AFP/HR/1050