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Rupee falls 25 paise to end at 65

Rupee falls 25 paise to end at 65.14

Thu Mar 08 2018

 

The rupee slipped 25 paise to end at 65.14 against the dollar on Thursday as the American unit strengthened overseas amid foreign fund outflows.

 

The local currency opened 2 paise down at 64.91 and traded in the range of 65.14 and 64.89 in intra-day trade.

 

Forex dealers said increased demand for the US currency from importers and the greenback’s gains against other currencies overseas after news of potential US tariff exemptions put pressure on the rupee.

 

Yesterday, it had gained 7 paise to close at a one-week high of 64.89 against the US currency due to sustained dollar selling by exporters and banks.

 

Source: https://www.thehindubusinessline.com/

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Wednesday, September 19, 2018
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