नवीनतम
Rupee falls 16 paise to 93.32 against USD
MUMBAI [Maha Media]: The rupee declined 16 paise to 93.32 against the US dollar in early trade on Tuesday, as the American currency stayed firm and the Reserve Bank eased restrictions on speculative bets on the Indian currency.
Positive domestic equity markets and inflows of foreign funds supported the local currency even as uncertainties surrounding the West Asia peace agreement kept investors worried, forex traders said.
The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.
