The local unit is trading 14 paise lower at 72.02/$.
The Indian rupee on Monday snapped a four-day gain against the US dollar as oil prices resumed their rally on expected production cut from the OPEC and ahead of RBI’s board meet. The local unit is trading 14 paise lower at 72.02/$.
The rupee depreciated by 9 paise to 72.02/$ in the opening trade. Also, fresh demand for the American currency from importers amid rise in crude prices weighed on the local currency.
On Friday, the rupee ended higher by 4 paise to close at a fresh two-month high 71.93/$.
RBI's reference rate for the dollar, meanwhile, stood at Rs71.80, while for the euro it was at Rs81.46. Further, its reference rate for the yen stood at Rs63.37, while that for the British pound sterling it was at Rs91.92.
The rupee depreciated by 9 paise to 72.02/$ in the opening trade. Also, fresh demand for the American currency from importers amid rise in crude prices weighed on the local currency.
On Friday, the rupee ended higher by 4 paise to close at a fresh two-month high 71.93/$.
RBI's reference rate for the dollar, meanwhile, stood at Rs71.80, while for the euro it was at Rs81.46. Further, its reference rate for the yen stood at Rs63.37, while that for the British pound sterling it was at Rs91.92.
Get more details here:
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
No comments:
Post a Comment