Indian rupee ended unchanged compared to its previous close, even as crude oil prices eased. Anxiety also remained among the traders with India Meteorological Department’s statement that Monsoon deficiency in June this year was the highest for the month since 2015. The month ended with 33 per cent deficiency which translates to around 67 per cent of the Long Period Average (LPA). Several parts of the country have been witnessing drought-like situation. However, traders took some support with Finance Minister Nirmala Sitharaman's statement that economic growth is high on the agenda of the Narendra Modi 2.0 government and various steps are being taken to accelerate the GDP. On the global front, dollar edged lower on Tuesday as optimism from a weekend trade truce between the United States and China faded.
Finally, the rupee ended unchanged from its previous close of 68.95 on Monday. The currency touched a high and low of 69.09 and 68.82 respectively. The reference rate for the dollar stood at 68.96 and for Euro stood at 78.12 on July 01, 2019. While the reference rate for the Yen stood at 63.64, the reference rate for the Great Britain Pound (GBP) stood at 87.46.
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