Rupee eases by 6 paise against US dollar in morning trade
After resuming on a steady note, the Indian rupee on Wedensday reacted slightly downwards by six paise to 45.80/81 against the greenback in late morning deals.
By PTI |
MUMBAI : After resuming on a steady note, the Indian rupee on Wednesday reacted slightly downwards by six paise to 45.80/81 against the greenback in late morning deals.
In lacklustre trade at the Interbank Foreign Exchange (Forex) market, local currency opened barely stable at 45.75/76 from overnight close of 45.74/75 a dollar.
But dollar buying by oil refiners to meet their month-end requirements weighed on the rupee and it fell to quote at 45.80/81 in late morning deals.
Yesterday, the rupee had gained by 30 paise and today it moved in a range of 45.75 and 45.83 a dollar.
According to a forex dealer, the rupee might get support in later part of the day from smart recovery in equity markets.
The Indian benchmark Sensex was up by nearly 154 points at 1030 hrs, while Asian indices continued to display mixed pattern of trading.
Global crude oil prices were trading near US $ 107 a barrel in Asian trade today.
In lacklustre trade at the Interbank Foreign Exchange (Forex) market, local currency opened barely stable at 45.75/76 from overnight close of 45.74/75 a dollar.
But dollar buying by oil refiners to meet their month-end requirements weighed on the rupee and it fell to quote at 45.80/81 in late morning deals.
Yesterday, the rupee had gained by 30 paise and today it moved in a range of 45.75 and 45.83 a dollar.
According to a forex dealer, the rupee might get support in later part of the day from smart recovery in equity markets.
The Indian benchmark Sensex was up by nearly 154 points at 1030 hrs, while Asian indices continued to display mixed pattern of trading.
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Global crude oil prices were trading near US $ 107 a barrel in Asian trade today.
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