The rupee (INR) shed 52 points against the US dollar (USD) on Wednesday to close near its day's low. The rupee settled at 66.90 against the greenback, its weakest close since February 22, 2017. Broad strength in US dollar and weak domestic stock markets hurt the rupee. The weakness returned in the rupee a day after it had broken a six-day fall against the American currency, to close at 66.38. Last week, the rupee had touched levels above 66 against the dollar after a gap of more than 13 months.
The rupee (INR) shed 52 points against the US dollar (USD) on Wednesday to close near its day's low. The rupee settled at 66.90 against the greenback, its weakest close since February 22, 2017. Broad strength in US dollar and weak domestic stock markets hurt the rupee. The weakness returned in the rupee a day after it had broken a six-day fall against the American currency, to close at 66.38. Last week, the rupee had touched levels above 66 against the dollar after a gap of more than 13 months.
The rupee (INR) shed 52 points against the US dollar (USD) on Wednesday to close near its day's low. The rupee settled at 66.90 against the greenback, its weakest close since February 22, 2017. Broad strength in US dollar and weak domestic stock markets hurt the rupee. The weakness returned in the rupee a day after it had broken a six-day fall against the American currency, to close at 66.38. Last week, the rupee had touched levels above 66 against the dollar after a gap of more than 13 months.
Here are five things to know about the rupee's movement against dollar (INR vs USD) today:
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