Dollar Rupee News Today

Rupee: The offshore Chinese yuan, at 7.1824 to the U.S. dollar, was at its highest in nearly two months, while the Japanese yen was poised for its best week in one-and-a-half years amid central bank intervention.

At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and then slipped further to 83.43, registering a loss of 5 paise compared to its previous closing level.

Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move.

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Forex traders said the Indian rupee depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.

The dollar index hovered little changed near the 104 level, after retreating nearly 0.3% on Tuesday following a rally that lifted the index to its highest level in nearly 3 months.

Currency hovers at 299-300 level

The Pakistani rupee appreciated further against the US dollar in the open market, strengthening to the value in the...

Currency closes at 299.89 after appreciation of 0.42% * This is the rupee's fifth successive gain in inter-bank market

The Pakistani rupee closed unchanged against the US dollar in the open market after appreciating earlier in the day...