Rupee Stays Up On Foreign Banks’ Dollar Sales, Strong Shares

Rupee Stays Up On Foreign Banks’ Dollar Sales, Strong Shares

24 May 2019 01:52 PM
 
Financial Market Overview  24th May, 2019 Afternoon Update Indian Rupee The Indian rupee remained higher against the dollar in afternoon trade, as foreign banks stepped up greenback sales for likely inflows into local assets after Prime Minister Narendra Modi-led ruling alliance swept national elections for a second time. The rupee changed hands at 69.65 to a dollar, against 70.01 at the previous close. The local unit opened at 69.75, before rising to day’s high of 69.59.

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