Comments
The rupee dropped by 20 paise to 45.65 against the US currency in early trade on Thursday on good dollar demand from importers amid weak equity markets.
Month-end dollar demand from importers, mainly oil refiners, affected the rupee value, a dealer said.
At the Interbank Foreign Exchange (forex) market, the local currency opened lower at 45.62/63 a dollar against yesterday’s close of 45.45/46 a dollar and moved down further to 45.65 a dollar.
The rupee was quoted at 45.56/57 a dollar at 10.30 a.m. down by 11 paise against the previous close.
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.