Rupee settles flat at 68.96 vs USD ahead of RBI swap auction
The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI’s first-ever rupee-dollar swap auction. The forex market sentiment revived towards the fag-end, offsetting early losses amid increased selling of the greenback by exporters, traders said.At the Interbank Foreign Exchange market, the rupee opened on a weak note at 69.09 then fell further to 69.17 against the US dollar. The local unit, however, erased the initial gains and finished at Rs 68.96, down by just 1…
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