Forex

Rupee tumbles 44 paise to close at 69.67 vs USD

PTI Mumbai | Updated on April 08, 2019 Published on April 08, 2019

The rupee declined by 44 paise to close at 69.67 against the US dollar on Monday amid higher dollar demand from importers and rising crude oil prices.

This is the third straight session of loss for the domestic unit, during which it has lost 126 paise.

Forex traders said that dollar demand from importers and heavy selling in domestic equities added pressure to the domestic unit.

However, persistent foreign fund inflows supported the rupee and capped the losses to some extent, they added.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 69.40 and fell further to touch the day’s low of 69.71.

It finally ended at 69.67 per dollar, down by 44 paise against its previous close.

Published on April 08, 2019
This article is closed for comments.
Please Email the Editor