Rupee at 3-week low on oil woes

Rajalakshmi S Updated - January 12, 2018 at 02:36 PM.

rupee

The rupee remained under pressure against the US dollar for the third straight day on Friday, depreciating 7 paise to end at a fresh three-week low of 64.59 on steady demand for the US currency amid a global oil rout.

The rupee opened a tad weak at 64.53 a dollar from the overnight close of 64.52 at the Interbank Foreign Exchange (Forex) market. Soon, it recovered to hit a fresh intra-day high of 64.45 briefly in early morning trade before succumbing to dollar pressure once again.

After touching a session low of 64.60 towards fag-end trade, the local unit ended at 64.59, showing a fall of 7 paise.

Published on June 23, 2017 11:08