The rupee today closed marginally down at 64.94 against the US currency due to continued foreign fund outflows, weak trade data and expectations of a rate hike by the US Federal Reserve.
The domestic unit opened lower at 64.95 per dollar as against yesterday’s close of 64.93 at the inter-bank foreign exchange on unabated foreign fund outflows.
The domestic unit hovered between 64.85 and 64.99 during the day before ending at 64.94, down by 1 paisa.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.