Comments
The rupee was trading weak at 64.18 at the Interbank Foreign Exchange market today due to month-end dollar demand from importers and banks. Also, a weak domestic equity market weighed on the rupee.
The domest unit opened down by 9 paise at 64.20 at the Interbank Foreign Exchange market today. It hovered in a range of 64.24 and 64.11 before quoting at 64.18, down 7 paise at 4.45 pm local time.
Yesterday, the rupee had staged an incredible comeback after its three-session listless trade and gained 26 paise to end at a fresh two-and-a-half month high of 64.11 a dollar.
The dollar dipped against its major peers on Friday, its mild bounce earlier petering out ahead of the second quarter US economic growth data due later in the session.
The dollar index against a basket of six major currencies was a shade lower at 93.826 after edging up 0.2 per cent the previous day.
Meanwhile, the benchmark BSE Sensex ended 73.42 points or 0.23 per cent lower at 32,309.88,
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.