6 years, 2 months ago

Rupee gains for third session against US dollar

Indian rupee today for the third session against US dollar as crude oil prices eased and on expectations that a farm relief package will cost less than anticipated. Asian currencies were trading higher as a gauge of regional equities gained for a second day despite signals trade talks between US and China were not going smoothly. South Korean won was up 0.34%, China Offshore 0.22%, Philippines peso 0.21%, China renminbi 0.21%, Malaysian ringgit 0.17%, Singapore dollar 0.14%, Taiwan dollar 0.11%, Thai Baht 0.11%, Indonesian rupiah 0.1%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.401, down 0.21% from its previous close of 96.601.

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