Rupee Down On Corporate Dollar Demand; Shares Cap Fall

Rupee Down On Corporate Dollar Demand; Shares Cap Fall

22 May 2019 01:44 PM
 
Financial Market Overview 22nd May, 2019 Afternoon Update  Indian Rupee The Indian rupee fell against the dollar in choppy afternoon trade, as foreign banks stepped up greenback purchases likely for corporate clients. However, higher local shares ahead of the nation’s general election results tomorrow capped major fall in the currency The rupee changed hands at 69.74 to a dollar against 69.71 at the previous close. It opened at 69.67 and has traded in a narrow 69.63- 69.79 band so far.

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