Indian Rupee Opens Little Changed At 79.73 Against The U.S. Dollar

Rupee Turns Positive for 2019 Against US Dollar

Gold Silver Reports (GSR) – Indian rupee on Tuesday turned positive for 2019 against US dollar as foreign investors continued to buy in equities and debt ahead of general elections. At 9.15 am, the rupee was trading at 69.71 a dollar, up 0.24% from its previous close of 69.89. The home currency opened at 69.75 a dollar and touched a high of 69.69.

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Bad news for SBI customers

Bad news for SBI customers! SBI halves daily ATM withdrawal on THESE debit cards to Rs 20,000 from 31 October

As per a senior SBI official, the average cash withdrawal from ATMs per card is less than Rs 20,000 and the move will help in checking frauds and promote digital transaction. About a month ago, the State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.

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Indian Rupee Hits Record Low As Dollar Index Surges

Rupee Slump to Push India to Seek Yuan Trade Settlement

The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.

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