Comments
The rupee pared most of its initial losses and closed with a marginal 2 paise drop at 68.94 against the US dollar on Tuesday amid strengthening of the greenback against major currencies and sustained foreign fund outflows.
A weak trend in domestic equity markets also weighed on investor sentiment. At the interbank foreign exchange (forex) market, the domestic currency opened at 68.98 a dollar and touched a high of 68.90 and low of 69.05 during the day.
The local unit finally closed at 68.94 against the American currency, down 2 paise over its previous close. On Monday, the rupee had settled at 68.92 against the US dollar.
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.