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The rupee remained shaky for the second—straight session and ended lower by 8 paise at 65.52 against the US currency due to bouts of dollar demand from importers and banks.
Overall mood remained fragile and fully focused on Federal Reserve Chair Janet Yellen’s speech and also the ’Trumpcare’ bill vote in Parliament later in the day.
Though, financial markets worldwide showed calmer tone and advanced cautiously after a brief wobble.
Despite a strong start, the home currency failed to make much ground in the face of steady dollar demand, a forex trader commented.
At the Interbank Foreign Exchange (Forex) Market, the local unit resumed higher at 65.40 compared to overnight close of 65.44 on fresh selling of the US currency by exporters and advanced further to 65.38.
However, the initial positive momentum failed to gain ground with the currency retreating to hit a fresh intra—day low of 65.57 in late afternoon deals before ending at 65.52, showing a loss of 8 paise,
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