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BW Businessworld

Rupee Higher; Foreign Banks Sell Dollars

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The rupee is higher with activity both on the bid and offer sides, with mainly foreign banks on the sell side and a large state-run bank being a buyer.

The pair has traded in a 61.45-61.54 range, last 61.51/52 versus Monday (20 January) close of 61.62/63.

Foreign banks have been buyers of $2.8 billion of rupee debt in January.

The euro holding steady against USD, staying above a two-month low of $1.3508.


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economy india news 4 dollar rupee foreign banks euro