Rupee breaks three day winning streak tracking Asian peers, dollar rises

Quick Summary:

The rupee settled at Rs 83.57 per dollar on Wednesday, against Rs 83.

The Indian unit had hit the record low of Rs 83.64 against the dollar on June 20 of the current year.

Market participants said that the rupee reversed some losses by the end of the trade on the back of short covering.

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Category: BusinessFinance

Markets: India

Topics: Personal consumption expenditures Oil importers Currency depreciation Rupee Federal Reserve Short covering Crude prices US presidential debate Dollar index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 17:49:25 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 21393914

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