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Rupee rules flat against dollar

7 December, 2017 6:35 AM
17 0

The rupee is trading almost flat at 64.54 per dollar in late morning deals following mild bouts of dollar buying by importers and banks amid higher domestic equities.

The domestic unit opened higher at 64.51 per dollar as against the yesterday’s closing level of 64.52 per dollar at the interbank forex market.

It witnessed see-saw momentum, hovering between a high of 64.49 and low of 64.57 per dollar during morning deals. It was quoting at 64.54 per dollar at 1130 hrs.

Globally, the US dollar was up against major rivals in early Asian trade, shaking off earlier losses versus the yen amid optimism on US tax reforms.

Also read: Rupee loses 16 paise against dollar on negative macro numbers

Source: thehindu.com

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