Forex

Rupee down 25 paise in early trade

BL Internet Desk Chennai | Updated on January 06, 2020 Published on January 06, 2020

Downward: The consequence of reserving disproportionate gains for higher income strata is an unequal pattern of growth   -  ISTOCK.COM

The rupee continued its downward journey and fell by 25 paise to 72.05 against the US currency on Monday due to a spike in crude oil prices. The domestic currency fell tracking weak Indian equities amid escalating tensions in the strategic Gulf region.

At the interbank foreign exchange market, the rupee opened lower at 72.03, then lost further ground to touch a low of 72.09 against the American currency. It ended on Friday at 71.80 against the dollar

Published on January 06, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.