The local unit moved between 49.23 and 49.42 at the Interbank Foreign Exchange (Forex) market, before settling at 49.36/37, down by 17 paise, 0.35 per cent on Tuesday.
Forex dealers said had it not been for the sustained capital inflows and a weak dollar overseas, the rupee’s fall would have been steeper.
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.