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Monday, July 9, 2018

Rupee continues to recover, opens 30 paise higher against US dollar

Epic Research Update : Indian Rupee
The rupee on Monday opened 30 paise higher at 68.57 against the US dollar. The domestic unit on Friday staged a mild recovery from a record closing low. It edged up 8 paise to end at 68.87, largely tracking gains in key Asian units amid weak dollar tone overseas. The Indian rupee hits a record closing low of 68.95 on Thursday following a panic demand for the US dollar coupled with savage capital flight worries.
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