Comments
The rupee slipped to 64.48 against the greenback in pre-close trade on Thursday.
The dollar inched higher on Thursday, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.
The domestic unit opened up by 4 paise at 64.26 at the Interbank Foreign Exchange market today. It hovered in a range of 64.48 and 64.25 before quoting at 64.48, down 18 paise at 4.45 pm local time.
Yesterday, the rupee had gained 3 paise to end at 64.30 against the US dollar on persistent selling of the American currency by exporters and also helped by a cooling inflation.
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.