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Published on 20/07/2020 11:17:48 AM | Source: Dion Global Solutions Ltd

Rupee rises 10 paise to 74.92 against US dollar in early trade

Posted in Currency Top News| #Rupee #US dollar #Currency News

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The rupee appreciated 10 paise to 74.92 against the US dollar in opening trade on Monday, tracking positive domestic equities. The domestic currency had settled at 75.02 against the US dollar on Friday. Forex traders said positive opening in domestic equities and foreign fund inflows supported the rupee.

However, strengthening American currency and rising COVID-19 cases weighed on the local unit, they added.

The dollar index, which gauges the greenback"s strength against a basket of six currencies, rose 0.15 per cent to 96.08. The rupee appreciated 10 paise to 74.92 against the US dollar in opening trade on Monday, tracking positive domestic equities. The domestic currency had settled at 75.02 against the US dollar on Friday.