Comments
The Indian rupee took a hefty knock, plunging 21 paise, to 65.18 against the US dollar, as fiscal deficit concerns and global trade war fears kept forex traders wary. The rupee opened on a bullish note at 64.88 against Tuesday’s close of 64.97 at the inter-bank foreign exchange and traded in a tight range. It turned volatile mid afternoon and succumbed to heavy selling pressure, breaching the key 65-mark to touch a low of 65.30 before recouping early losses towards the fag-end trade to settle at 65.18, a steep loss of 21 paise.
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.