Comments
The rupee’s six-session uninterruptedbull run cametoahalton Tuesday after it tumbled by a sharp28paise to close at 65.02adollar on fresh bouts of demand for the American currency amid renewed Fed rate hike fears. Sustained capital outflows and an overwhelmingly bullish dollar against major currencies predominantly weighed on the local forex sentiment. The rupee came under pressure following a sudden reversal in dollar movement over season rising Treasury yields alongwith speculation that President Donald Trump might favour a monetary “hawk” as successor to Federal Reserve Chair Janet Yellen.
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.