Rupee pares gains, settles 36 paise down at 70.02/$
Updated : May 23, 2019 06:57 PM IST
The rupee surrendered all its early gains and closed 36 paise lower at 70.02 against the US dollar on Thursday after investors looked past the euphoria over BJP's election victory and shifted focus to macro-economic developments that will set the tone for the forex market going ahead.
As the general election is over with the Narendra Modi's Bharatiya Janata Party's resounding victory, a host of domestic and global factors like crude oil prices, trade tussle between the US and China and the upcoming RBI monetary policy will mainly influence the forex market movements, according to analysts.
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