The rupee on Friday retreated from its three-week high by losing 12 paise against the US dollar to end at 64.02 after the latest GDP numbers showed the country’s growth slowed to a three-year low.
Fresh concerns over potential interest rate hike by the US Federal Reserve in the midst of strong macro data added to the downbeat mood.
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.