The rupee plunged 32 paise against the US dollar to a one-month low of 65.59 on fresh demand for the American currency from banks and importers amid persistent fall in equity markets coupled with strong foreign capital outflows. The domestic unit opened lower at 65.39 against last Friday’s close of 65.27 and dropped further to 65.62 before ending at 65.59, a loss of 0.49 per cent. Intraday, it hovered in the 65.36-65.62 range. The local currency had last ended at 65.59 on September 29, 2015.
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.