The rupee failed to hold on to its early gains and slipped by 6 paise to end at 64.79 against the US currency on Monday due to fag-end dollar demand from importers and corporates. A robust rally in local equities and sluggish dollar overseas failed to provide any fresh impetus.
Forex sentiment turned shaky amid extreme caution, as the Centre is set to release GDP data for the December quarter on Wednesday.
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.