Logo

Logo

# Business

Rupee opens flat against US dollar

The rupee edged marginally higher by 1 paisa to 65.19 against the US dollar in early trade ahead of the…

PTI | Mumbai | March 21, 2018 9:57 am

Rupee opens flat against US dollar

(Photo: Getty)

The rupee edged marginally higher by 1 paisa to 65.19 against the US dollar in early trade ahead of the Federal Reserve’s policy decision on Wednesday.

Besides, the dollar’s weakness against some currencies overseas, fresh selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.

A higher opening in the domestic equity market influenced the currency’s movement, they added.

Advertisement

Yesterday, the domestic unit had slipped by 3 paise to end at 65.20 a dollar due to demand uptick for the greenback.

Meanwhile, the benchmark BSE Sensex rose 226.86 points, or 0.69 per cent, at 33,223.62 in opening trade on Wednesday.

Advertisement

Related posts

# Opinion

Rupee Surge

The Indian rupee’s surge to a two-month high on Thursday signals a broader shift in the global economic landscape, influenced not just by domestic factors but by international dynamics as well.

# Opinion

Rupee Resilience

The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.