BusinessRupee Gives Up Gains To Close At 1-Week Low Against Dollar
ADVERTISEMENT
Rupee Gives Up Gains To Close At 1-Week Low Against Dollar
Rupee closed 27 paise lower at 68.70 against dollar on Thursday
Rupee had last closed below this level on July 25
Dollar strength, weakness in domestic equities hurt rupee, say analysts
Rupee-dollar (INR-USD) rate today: The rupee traded in the range of 68.72-68.27 against the US dollar
The rupee could not sustain intraday gains and closed 27 paise lower at 68.70 against the US dollar on Thursday. That marked the lowest closing level for the rupee since July 25. The rupee had hit 68.26, its highest level against the greenback in a month, during Thursday's session. The lower closing for the rupee came a day after the Reserve Bank of India (RBI) hiked the repo rate - the key interest rate at which it lends short-term ...