Comments
The rupee settled 5 paise lower at 75.84 against the US dollar on Friday as volatile domestic equities and sustained foreign fund outflows weighed on investor sentiment.
Forex traders said risk appetite has waned and there are growing concerns about the resurgence of Covid-19 infections.
The rupee opened weak at 76.10 at the interbank forex market, but recouped most of the losses to close the day at 75.84 against the US dollar, down 5 paise against the last close of 75.79.
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.