Rupee edges lower against the US dollar - News Summed Up

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Rupee edges lower against the US dollar


Indian rupee on Tuesday opened marginally weaker against US dollar after crude oil jumped to its highest level in nearly five months after strong data from US and China. At 9.15 am, the rupee was trading at 69.36 a dollar, down 0.29% from its previous close of 69.16. The US Institute for Supply Management index rose to 55.3 from 54.2 as three of five main components increased. South Korean won was down 0.2%, China renminbi 0.13%, Thai Baht 0.11%, China Offshore 0.1%, Taiwan dollar 0.1%, Indonesian rupiah 0.1%, Malaysian ringgit 0.07%, Singapore dollar 0.05%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 97.335, up 0.11% from its previous close of 97.232.


Source: Mint April 02, 2019 04:05 UTC



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