Rupee continues easing, opens 10 paise higher at 90.15 against US dollar

Indian rupee appreciated third time in a row on December 19 on likely continuous support from the Reserve Bank of India (RBI), currency experts said.

The domestic currency opened at 90.15 against the US dollar, as compared to 90.25 against the greenback at previous close.

In the last three days, Indian rupee has appreciated 1.04 percent against the US dollar, according to the Bloomberg data.

“Rupee remains in a range of 90-90.50. The rupee fall may have acted as a shock absorber to the high tariffs imposed by the US President Trump while RBI caps the volatility. Corporate dollar inflows and broad dollar weakness supported rupee for a second straight day,” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.