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  Business   Market  19 Dec 2019  Rupee settles 6 paise down at 71.03 against US dollar

Rupee settles 6 paise down at 71.03 against US dollar

PTI
Published : Dec 19, 2019, 5:46 pm IST
Updated : Dec 19, 2019, 5:46 pm IST

Forex traders said the rupee ended on a weak note as importers rushed for hedging amid expectations of intervention by the RBI.

At the interbank foreign exchange market, the local currency opened on a weak note at 71.01 and fell further to a low of 71.18. It finally settled at 71.03, lower by 6 paise against its previous close.
 At the interbank foreign exchange market, the local currency opened on a weak note at 71.01 and fell further to a low of 71.18. It finally settled at 71.03, lower by 6 paise against its previous close.

Mumbai: The rupee depreciated by 6 paise to close at 71.03 against the US dollar on Thursday as steady rise in crude oil prices weighed on investor sentiments.

Forex traders said the rupee ended on a weak note as importers rushed for hedging amid expectations of intervention by the central bank.

 

At the interbank foreign exchange market, the local currency opened on a weak note at 71.01 and fell further to a low of 71.18. It finally settled at 71.03, lower by 6 paise against its previous close.

Tags: rupee, us dollar, forex trade, forex, interbank foreign exchange
Location: India, Maharashtra, Mumbai (Bombay)