The rupee today broke the 64 level by gaining 13 paise against the US dollar to close at ₹64.91/92 per dollar. The rupee could well touch levels of around 63 against the greenback in the next six months, suggest experts. Export-oriented companies from sectors, such as information technology, textiles and pharmaceuticals, are likely to witness some selling pressure going ahead, with the sudden surge in the rupee in the past few sessions.
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.