|
Category :
industry
Headline :
Rupee trades in narrow range against US dollar in early trade
Date:
19/07/2024 10:13
The rupee was trading in a narrow range against the US dollar in early trade on Friday, as the support from sustained foreign fund inflows was negated by dollar demand from foreign investors and oil companies.
Forex traders said a bounce back in crude oil prices weighed on the rupee. Moreover, weak Asian as well as European currencies may further dent investor sentiments.
At the interbank foreign exchange market, the local unit moved in a narrow range. It touched an early high of 83.62 and a low of 83.65 against the American currency.
|