नवीनतम
Rupee gains 33 paise to 92.85 against USD
MUMBAI [Maha Media]: The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.
Forex traders said the domestic unit continued to reel under pressure due to unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation.
At the interbank foreign exchange, the local unit opened at 93.13, then gained further ground to touch 92.85 against the greenback, up 33 paise from its previous close.
