Comments
The rupee showed signs of fatigue after a three-day stellar rally and ended almost flat at 64.92 against the US currency.
Renewed demand for the greenback from importers alongside the dollar’s gains against other currencies overseas predominantly put pressure on the rupee.
The local currency resumed firmly higher at 64.87 from Wednesday’s close of 64.91. But it soon reversed the uptrend and turned weaker on fresh dollar pressure to touch an intra-day low of 64.99. It finally settled little changed at 64.92, showing a loss of just one paisa.
In the last three days, the rupee appreciated by a whopping 61 paise against the dollar. PTI
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.