Comments
The rupee on Wednesday slipped by 2 paise to settle at a fresh seven-month low of 65.66 against the US currency due to sustained dollar demand and forex outflows, extending its fall for a third day amid surging crude prices. The rupee had fallen to a low of 65.79 in early trade but the RBI’s suspected intervention helped the currency recover to a day’s high of 65.59. Incross currency trade, the rupee recovered against the pound sterling to end at 93.31 from the last close of 94.09 and recouped against the Japanese yen to finish at 61.27 per yen from 61.31 yesterday. The home unit remained under pressure against the euro to settle at 81.28 compared to 81.22.
Comments
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.