rupee
The rupee on Wednesday lost five paise to end at 66.51, halting its three-session rally, on fresh demand for the American currency from importers and banks amid a bout of global risk aversion. Bullish dollar sentiment overseas coupled with sluggish domestic equity market predominantly impacted the domestic currency. The dollar has staged a broad-based rally against all its major trading partners on growing confidence of economic activity. After trading in a tight range for most part of the day, the local unit managed to curtail losses towards the end of trade and settled at 66.51, a loss of five paise, or 0.08 per cent.
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Published on October 5, 2016
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