The rupee on Monday continued its falling streak against the US currency, slipping by three paise to hit a two-month closing low of 66.80 on persistent dollar demand from banks and importers on the back of higher greenback in the overseas market. Rise in crude oil prices also affected the rupee-value.
The rupee resumed lower at 66.90 as against the last weekend’s level of 66.77 and moved down to 66.91 on initial heavy dollar demand from banks. However, it trimmed its initial losses before ending at a two-month closing low at 66.80.
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.