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Rupee trades unchanged against US dollar amid higher oil prices
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Rupee trades unchanged against US dollar amid higher oil prices
Jun 25, 2019 4:44 AM

The rupee was trading unchanged at 69.353 against the US dollar in the afternoon session on Tuesday. The rupee appreciated by 13 paise to 69.22 against the US dollar in opening trade, driven by easing crude oil prices and weakening of the US dollar in the overseas market.

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During the day, the Indian currency hit a high of 69.231 and a low of 69.395 against the US dollar. The currency opened at 69.317 against the US dollar.

On Monday, the rupee had settled at 69.35 against the US dollar.

Forex dealers said foreign fund inflows and selling of the American currency by exporters supported the rupee.

Foreign investors bought shares worth Rs 207.33 crore on a net basis on Monday, provisional data showed.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 95.93.

On the global front, US President Donald Trump on Monday said the Federal Reserve's reluctance to cut interest rates was standing in the way of economic expansion.

The US Fed last week left benchmark US lending rates untouched.

"Despite a Federal Reserve that doesn't know what it is doing... we are on course to have one of the best Months of June in US history," Trump tweeted.

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