India Rupee Snaps 3-Day Fall On Fed Easing Bets

India Rupee Snaps 3-Day Fall On Fed Easing Bets

18 Jun 2019 05:37 PM
 
The Indian rupee gained for the first time in four sessions against the dollar, as bets over the U.S. Federal Reserve adopting an easing bias at its upcoming policy meeting increased, and as lower oil prices continued to support the local unit. The rupee settled at 69.70 to the dollar, against 69.90 at the previous close. The currency opened at 69.83 and rose to the day’s high of 69.63 as private banks stepped up greenback sales in late trade

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