The Indian Rupee Is Trading Higher By 15 Paise At 67.26 Against The US Dollar - Dollar Advisory Financial Services

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Friday 1 June 2018

The Indian Rupee Is Trading Higher By 15 Paise At 67.26 Against The US Dollar



The Indian rupee is trading higher by 15 paise at 67.26 against the US dollar on continued selling of the American currency by banks and exporters amid robust macroeconomic data.

Data released by the CSO yesterday showed gross domestic product (GDP) growth in the January-March quarter of 2017-18 was at a seven-quarter high of 7.7 per cent, helping India retain the tag of world's fastest growing major economy.
Forex dealers said besides sustained selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.
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