Monday, 5 March 2018

The Rupee Firmed 14 Paise To 65.02 Against The Dollar After The Greenback

The rupee firmed 14 paise to 65.02 against the dollar after the greenback came under pressure as US President Donald Trump's comments raised concerns of a global trade war.

Trump on Friday said trade wars were good and easy to win. His plan to put tariffs on steel and aluminium imports triggered a negative sentiments across overseas markets.

Forex dealers said weakness in the dollar against some other currencies overseas and foreign capital inflows in the domestic equity markets supported the rupee.

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