Rupee Off Highs On Foreign Banks’ Dollar Bids, Oil Rise

Rupee Off Highs On Foreign Banks’ Dollar Bids, Oil Rise

20 May 2019 01:34 PM
 
Financial Market Overview 20th May, 2019 Afternoon Update Indian Rupee The Indian rupee came off highs against the dollar in afternoon trade, as foreign banks’ greenback buys and higher crude oil prices trimmed early gains from increased bets of Prime Minister Narendra Modi’s party-led alliance winning the nation's polls. The rupee changed hands at 69.54 to a dollar against 70.22 at the previous close. It opened at 69.4950 and extended gains to 69.36.

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