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Rupee ends unchanged on Thursday
Nov-07-2019

Indian rupee ended unchanged compared to its previous close, as reports of delays in sealing a preliminary Sino-US trade deal kept investors edgy. The domestic currency was also weighed down by dollar's strengthen against some other currencies. Traders remained cautious with the International Monetary Fund (IMF) stating that the Indian government needs to become more ‘transparent’ on the fiscal numbers as it is a ‘laggard’ among the G20 peers on this front. However, traders took some support with Prime Minister Narendra Modi’s statement that India is taking several steps to create an enabling ecosystem for investors.

Finally, the rupee ended unchanged from its previous close of 70.97 on Wednesday. The currency touched a high and low of 71.11 and 70.88 respectively. The reference rate for the dollar stood at 70.88 and for Euro stood at 78.51 on November 6, 2019. While the reference rate for the Yen stood at 65.00, the reference rate for the Great Britain Pound (GBP) stood at 91.32.

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