Comments
The rupee slumped 42 paise to end at 69.30 against the US dollar Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback.
Most Asian currencies struggled amid expectations of dovish monetary policy stance by central banks following a deteriorating global economic outlook.
At the Interbank Foreign Exchange (forex) market, the rupee opened weak at 69.04 and fell further to touch the day’s low of 69.35.
It finally finished at 69.30 per dollar, down by 42 paise against its previous close.
On Wednesday, the rupee had weakened marginally by 2 paise to end at 68.88 against the US dollar.
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.