Comments
The rupee on Wednesday lost 36 paise to close at an 11-month low of 45.99 against the dollar as importers, mainly oil refiners, rushed to buy the US currency amid continuing weak signs of fund outflows.
Dealers said heavy month-end dollar demand from importers to meet their monthly requirements put pressure on the rupee. The dollar was so strong that even its weakness in the overseas market did not help rupee to gain strength
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.