Comments
The rupee on Friday weakened by three paise to close at 64.24 against the US currency due to fresh demand for the dollar from banks and importers, cutting short its two-day rise.
The forex market sentiment remained very fragile in the midst of renewed political uncertainty in the UK after the ruling Conservative Party fell short of an overall majority ahead of the crucial Brexit negotiations, forex dealers said.
The British pound suffered heavy losses against major rivals, including the 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.