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Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors.
Before trading, please ensure that you fully understand the risks involved
Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved

Wednesday, July 29, 2020

Khaleej Times - Rupee settles at 74.80 against dollar, touches 20.38 vs dirham

by Century Financial in Century in News

Khaleej Times - Rupee settles at 74.80 against...

The Indian rupee gained 4 paise to settle at 74.80 (provisional) against the US dollar to quote at Dh20.38 on Wednesday tracking weakness in the greenback.

At the interbank forex market, the rupee traded in a narrow range. It started the day at 74.83 and closed at 74.80, up 4 paise over its previous closing of 74.84 against the US dollar. During the session, the domestic unit touched an intra-day high of 74.73 and a low of 74.89 against the US dollar.

Devesh Mamtani, Chief Market Strategist, Century Financial, said: "INR is little up by 0.03per cent to 74.82 after depreciating by 0.03 per cent to 74.8450 in previous session against US Dollar amid mixed global market cues. Month end Dollar demand by gold importers and forex outflow supporting the pair."

The dollar index against six major currencies stood at 93.720, near its lowest since June 2018 this week. The euro traded at $1.1723, up slightly on the day though it has stepped back a tad from Monday's 22-month high of $1.17815.The dollar changed hands at 105.05 yen, near a 4-1/2-month low of 104.955 hit the previous session.

Source : Khaleej Times 

 
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