More

    Rupee Rises 8 Paise to 71.58 Against US Dollar in Early Trade

    Must Read

    Reliance launches unlimited free conferencing app JioMeet

    After raising billions of dollars from the likes of Facebook and Intel for its digital business, Reliance...

    Vadodara corporation starts paying rent to the displaced residents of Sanjay Nagar

     Residents staged protest after corporation decide to give rent to only 100 people per day

    Indian Coast Guard recovers 24 packets of charas from Kadiyari Beyt near Jakhau in Gujarat

    Landing party of Indian Coast Guard recovered 24 packets of charas on 03 Jul 20 during coastal...

    The Indian rupee on Tuesday was raised by 8 paise to 71.58 against the US dollar, as investors were hopeful that the Reserve Bank will go for another rate cut to boost economic growth.

    Forex traders said, the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.

    At the interbank foreign exchange, the rupee opened at 71.66, then gained and touched a high of 71.58 against the dollar, showing a rise of 8 paise over its last close.

    The Indian rupee on Monday had closed at 71.66 against the US dollar.

    Bankers and experts believe the Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip.

    Traders said rupee is trading in a narrow range as market is awaiting fresh indication on the potential US-China trade deal.

    The 10-year government bond yield was at 6.48% in morning trade.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Reliance launches unlimited free conferencing app JioMeet

    After raising billions of dollars from the likes of Facebook and Intel for its digital business, Reliance...

    Vadodara corporation starts paying rent to the displaced residents of Sanjay Nagar

     Residents staged protest after corporation decide to give rent to only 100 people per day Displaced residents of Sanjay...

    Indian Coast Guard recovers 24 packets of charas from Kadiyari Beyt near Jakhau in Gujarat

    Landing party of Indian Coast Guard recovered 24 packets of charas on 03 Jul 20 during coastal patrol at Kadiyari Beyt near...

    Real estate broker died with veins cut and falling from fifth floor in Vadodara

     Police investigate the incident from different angles A real estate broker living in Shivam flat near Gotri Sudamanagar in...

    Vadodara Congress aggressively protest against various issues

    Demand waiver in petrol-diesel prices, school-college fees, electricity bills and property tax Demonstrations were held in various areas...

    More Articles Like This

    - Advertisement -