Comments
Caught in a downward spiral for the third straight session, the rupee on Thursday depreciated by seven paise to end at a fresh three-week low of 64.59 on steady dollar demand amid a deepening global oil rout. This is the lowest closing for the home currency since May 30, when it had closed at 64.66.
The forex market traded with a broadly hesitant tone on growing uncertainty about global economic growth as the sell-off in crude prices remained unabated.
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.