Rupee rises 21 paise to 69.49 against U.S. Dollar in early trade

Forex dealers said market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week.

The Rupee appreciated by 21 paise to 69.49 against the U.S. Dollar in opening trade on June 19, ahead of the U.S. central bank’s meeting.

The Rupee opened strong at 69.57 at the interbank forex market then gained further ground to touch 69.49 per U.S. Dollar, displaying gains of 21 paise against the greenback.

Forex dealers said market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week.

Besides, positive opening in domestic equities, foreign fund inflows and selling of the American currency by exporters supported the Rupee.

On June 18, the Rupee had settled at 69.70 against the U.S. Dollar.

Foreign funds infused ₹31.73 crore in the capital markets on a net basis on June 18, provisional data showed.

The benchmark BSE Sensex was trading with gains of 251.93 points, or 0.65% to quote at 39,298.27 while the NSE Nifty was trading at 11,782.70, up 91.20 points, or 0.78%.

Meanwhile, brent crude, the global benchmark, was trading at 62.23 per barrel higher by 0.14%.

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