Comments
The rupee on Wednesday closed virtually steady at 66.66 against the US dollar as currency traders avoided taking any positions ahead of the much-awaited FOMC policy decision and US jobs report.
After an extended weekend, the rupee resumed lower at 66.75 from last Friday’s close of 66.66 at the interbank foreign exchange (forex) market, largely weighed down by strong dollar overseas tone.
Moving sideways in a very narrow range between 66.6350 and 66.78, the local unit finally settled unchanged at 66.66 against the US currency. The Indian unit had crashed to a fresh 14-month low last week.
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.