Indian rupee erases part its losses The Indian rupee erased - TopicsExpress

Indian rupee erases part its losses The Indian rupee erased part of its losses on dollar selling by exporters coupled with strengthening of the local equities which recovered from its morning lows. Three-month offshore non-deliverable forwards fell 0.5 percent today to 61.13 per dollar. Forwards are agreements to buy or sell assets at a set price and date. The rupee traded in the range of 60.2450 - 60.4550 until 2:00pm local time. At 2:00pm IST, Spot Exchange Rates (Source: Bloomberg) 1 USD = 60.29 1 EUR = 81.58 1 GBP = 103.13 Read more stories on.... news.polymerupdate/

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