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Rupee up by 18 paise to 54.70 against US Dollar

Posted on Nov 15, 07:36PM | UNI

The Rupee rose today by 18 paise to 54.70 against the US Dollar on selling of Dollars by banks and exporters, dealers at the Interbank Foreign Exchange said.

The local unit depreciated by 19 paise in the opening session.

Later, it recovered and closed at 54.70, advancing by 18 paise from its previous close.

The rupee registered the day's high and low at 55.08 and 54.68 per USD, respectively, with a major fluctuation.

The Indian Currency had slid by 67 paise in last three sessions.

The Rupee moved up today because of weak Dollar against other world currencies. however, negative trend in equity market restricted it from further gains, they added.