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Rupee gains 2 paise to 95.20 against US dollar amid Iran-Oman uncertainty
['Telangana Today']
Telangana Today
Rupee gains 2 paise to 95.20 against US dollar amid Iran-Oman uncertaintyThe rupee ended nearly flat on Friday, gaining 2 paise to 95.20 against the US dollar, as risk aversion over uncertain Iran-Oman negotiations and higher crude prices weighed on sentiment.
At the interbank foreign exchange, the rupee opened at 95.27 against the greenback and traded in a range of 95.19-95.28 during the session.
It eventually settled at 95.20 (provisional), higher by 2 paise from its previous close.
On Thursday, the rupee depreciated 14 paise to close at 95.22 against the US dollar.
“We expect the rupee to trade with a slight negative bias on uncertainty over the deal between Iran and Oman over the Strait of Hormuz.