Rupee rises 2 paise against US dollar

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Key Points

Mumbai, Sep 6 (PTI) The rupee gained 2 paise to close at 83.95 against the US dollar on Friday, tracking a weak greenback against major crosses overseas...

However, a negative trend in domestic domestic equities and foreign fund outflows capped the gains in the local unit, forex traders said...

At the interbank currency market, the local unit opened at 83.97 and witnessed an intra-day high of 83.91 against the American currency...

However, weak domestic markets capped sharp gains, Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said...

We expect the rupee to trade with a slight negative bias on weak global equities and concerns over global economic growth, he said, adding that the USD-INR spot price is expected to trade in a range of Rs 83.70 to Rs 84.20...

Full story at ThePrint | 

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