Comments
The rupee weakened further by five paise to close at a one-week low of 68.13 against a resurgent dollar amid hawkish tone from the US Federal Reserve. High volatility continued to churn the market for the second day as investors waited for more clarity in an uncertain global scenario in the midst of confusing signals from the world’s major central banks.
Consistent demand for the dollar from importers mainly weighed on the rupee. However, better capital inflows and firm local equities helped the home currency regain some lost ground towards the fag-end of trade, a forex dealer said.
Comments
COMMENT NOW
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.