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Rupee just whisker away from 80 per dollar

  •   Mon, Jul 18 2022 07:55:05 PM

Chennai, Jul 18 (IANS): The week opened for Indian rupee on a weak note against the US dollar with the latter hardening against it.

The rupee hit Rs 79.99 during the intra-day trade and closed at Rs 79.97 against the dollar.

"USD-INR spot closed 9 paise higher 79.97, a whisker away from all time high near 79.99. Today rupee brushed aside all positive cues by way of strong equities and weaker dollar index. Strong demand for oil marketing companies kept the pressure on. Over the near term, bias continues to be upward. We expect the pair to trade within a range of 79.60 and 80.30 on spot," Anindya Banerjee, Vice President, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd, said.

 
  

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Comment on this article

  • k b r, Mangala Uru

    Mon, Jul 18 2022

    that can be celebrated as barbaadi ka amrit mahotsav...

    DisAgree Agree Reply Report Abuse

  • Chandu, Karla

    Mon, Jul 18 2022

    Looks like the rupee is falling due to slippery roads all over the country due to heavy rains but day will come it will be Rs. 15 per USD if not $1 = Re 1 as promised by the super men. It is only matter of time...........perhaps by turn of the Century..........Jai ho...sabse badaa Rupayya....!!!... we are on track in becoming number one super power and US$ 30 Trillion economy....!!!

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