The rupee recovered from early lows to close higher by 13 paise at 71.14 against the US currency on August 16 in line with firm local equities, defying gains in the greenback overseas and foreign capital outflows.
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The Indian rupee has slipped further and trading at day's low at 71.46 per dollar, down 32 paise against previous close 71.14.
It opened marginally lower at 71.17 per dollar versus Friday's close 71.14.
The rupee recovered from early lows to close higher by 13 paise at 71.14 against the US currency on August 16 in line with firm local equities, defying gains in the greenback overseas and foreign capital outflows, said PTI.
The rupee opened on a weak note and fell to a day's low of 71.47 due to gains in the dollar and crude oil in global markets, it added.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Aug 19, 2019 02:25 pm
