Forex

Rupee plunges 42 paise to 69.30 on stronger dollar

PTI Mumbai | Updated on March 28, 2019 Published on March 28, 2019

At the interbank forex market, the rupee opened lower at 69.04. File Photo   -  PTI

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.

 

 

 

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Published on March 28, 2019
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