Indian rupee slips against dollar, touches 20.41 vs UAE dirham
- Date: 07-Aug-2020
- Source: Khaleej Times
- Sector:Financial Markets
- Country:UAE
Indian rupee slips against dollar, touches 20.41 vs UAE dirham
The rupee traded marginally lower at 74.98 against the US dollar, down 4 paise, in early deals on Friday due to emergence of demand for the American currency from banks and importers.
At the foreign bank exchange, the domestic unit opened on a weak note and went on to touch a low of 75.04 before staging a quick mild recovery, though still trading in the red. The rupee was trading at 20.41 against the UAE dirham, at 10.30am (UAE time), according to XE.com
The Indian currency had ended steady on Thursday after the RBI decided to maintain a status quo in its policy rates.
Keeping interest rates unchanged to help tame inflation, the central bank decided to continue with the accommodative stance
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