Rupee inches two paise against USD during the week

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Mumbai, Feb 16 (UNI) After hitting a three month low, the Rupee inched up by two paise against the US Dollar amid high volatility in the Indian equity market in the week ended February 15.

The partially convertible Indian currency fluctuated in a wide range gap between 39.61 and 39.90 against the greenback on bouts of alternate buying and selling of dollars by the foreign and nationalised banks in a fairly active foreign exchange market, before ending the week on a marginal firm note at 39.67/68 per dollar, dealers said.

Dealers opined that the local unit almost moved on the sentiments in the equity market following the global trend. In future sessions also it is expected to track the sentiments, dealers added.


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