Comments
The rupee, on Friday, settled 12 paise lower at 71.74 against the US dollar, tracking heavy selling in domestic equities and growth concerns ahead of the release of GDP data. Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.
At the interbank foreign exchange market, the local currency opened weak at 71.63, and during the day it lost further ground and fell to a low of 71.87. The rupee finally settled at 71.74, lower by 12 paise against its previous close. On Thursday, the local unit had settled at 71.62 against the greenback. On a weekly basis, the domestic unit has lost 3 paise. 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.