Comments
Scripting its biggest single-day loss this year, the rupee tumbled a whopping 32 paise to end at a fresh three-week low of 64.63 against the resurgent dollar amid frantic demand for the American unit from importers. This is the lowest closing for the domestic currency since April 18.
The relatively strong rupee once again turned shaky on mounting expectations that the Federal Reserve would raise interest rates next month. The forex market will remain closed tomorrow on account of ‘Buddha Purnima’.
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.