Rupee Edges Higher To 69.20 Against US Dollar

The rupee edged higher against the dollar on Friday, a day after the Reserve Bank of India lowered the repo rate by 25 basis points and adopted an "accommodative" stance. The rupee opened at 69.24 against the greenback in the interbank forex market and advanced by eight paise to 69.20 at the strongest point in morning, compared with its previous close of 69.28. Steadiness in the dollar overseas along with a recovery in the domestic e...