On Thursday, the rupee weakened another 14 paise to a fresh 29-month low of 68.19 against the dollar following month-end demand from importers and banks amid a strengthening American currency overseas..
On Thursday, the rupee weakened another 14 paise to a fresh 29-month low of 68.19 against the dollar following month-end demand from importers and banks amid a strengthening American currency overseas.
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On Monday today, the markets opened on a negative note, the rupee weakened by 23 paise to trade at fresh 30-month low at 68.69 against the dollar.
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On Wednesday, the rupee recovered by 6 paise to 66.80 against the dollar at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.
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Rupee's free fall continues as it sinks to an all time low of over 68 against the U.S dollar.
Stock markets tracked the rupee weakness and opened in the red. Sensex plunged 400 points. Early in the day, it made a light recovery but continues to fluctuate.
While Nifty is trading over 100 points lower. Gold prices too reacted to the sinking rupee. Recorded an all time high of over 34 thousand rupees per 10 gms. The opposition meanwhile is quick to lash out at the government and demanded the resignation of the UPA Government.
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On Wednesday the rupee has depreciated by 5 paise to 67.43 against the US dollar at the Interbank Foreign Exchange due to increased demand for the dollar from importers amid a lower opening of the domestic equity market.
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On Monday today, the rupee has weakened by 24 paise to quote at 66.88 against the dollar at the Interbank Foreign Exchange market on month-end demand for the American currency from importers and banks.
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Rupee down 29 paise against US dollar in early trade | Top Telugu TV
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