BusinessRupee Recovers But Not Far From 68 Per Dollar: 10 Updates
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Rupee Recovers But Not Far From 68 Per Dollar: 10 Updates
Rupee is down nearly 6% against US dollar so far this year
On Wednesday, rupee recovered to 67.85 after falling to 68.13 per dollar
Trade deficit slightly widened to $13.72 billion in April
The rupee had breached the crucial 68 level yesterday and had closed at 68.07 per dollar.
The rupee (INR) today weakened to 68.13 against the US dollar (USD) at day's low before pulling back to 67.76. The rupee closed at 67.87 against the US dollar today. The rupee had breached the crucial 68 level yesterday and had closed at 68.07 per dollar, down 56 paise. Rising crude prices, outflows from domestic capital markets and a rising dollar has kept pressure on the rupee, with the rupee falling nearly 6 per cent against the U...