Rupee Off Highs On Banks' Dollar Bids As NDA Win Factored In

Rupee Off Highs On Banks' Dollar Bids As NDA Win Factored In

23 May 2019 01:37 PM
 
Financial Market Overview  23rd May, 2019 Afternoon Update  Indian Rupee The Indian rupee came off highs against the dollar in volatile afternoon trade, as state-run banks and foreign banks stepped up greenback purchases, trimming initial surge triggered after Prime Minister Narendra Modi-led alliance was set to come to power for a second term. The rupee changed hands at 69.67 to a dollar against 69.66 at the previous close. The local unit opened at 69.45 and rose to the day’s high of 69.38, before touching the day’s low of 69.73 on profit booking.

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