The rupee opened nearly 13 paise higher at 68.08 against the dollar on Tuesday amid selling of dollars by banks and exporters. The domestic equity market opened in the green following mixed global cues.
The rupee was trading nearly 20 paise up at 68 against the dollar around 9.30 am (IST).
The local currency plunged over 25 paise on Monday to close at 68.21 against the greenback on rising concerns over a drop in the country’s economic growth.Most of the Asian currencies were trading higher as dollar index dropped amid narrowing US yield curves.
South Korean won was up 0.92%, Indonesian rupiah 0.46%, Japanese yen 0.38%, Singapore dollar 0.22%, China renminbi 0.16%, Thai baht 0.1%, Malaysian ringgit 0.07%, Philippines peso 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.67—down 0.26% from its previous close of 101.93.
The rupee was trading nearly 20 paise up at 68 against the dollar around 9.30 am (IST).
The local currency plunged over 25 paise on Monday to close at 68.21 against the greenback on rising concerns over a drop in the country’s economic growth.Most of the Asian currencies were trading higher as dollar index dropped amid narrowing US yield curves.
South Korean won was up 0.92%, Indonesian rupiah 0.46%, Japanese yen 0.38%, Singapore dollar 0.22%, China renminbi 0.16%, Thai baht 0.1%, Malaysian ringgit 0.07%, Philippines peso 0.06%.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.67—down 0.26% from its previous close of 101.93.
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