Rupee Drops By 48 Paise To End At 70.18 Against Dollar: 10 Things To Know

The dollar index dropped by 1 per cent to 96.55 due to concerns over weak economic growth and signs of US government shutdown. "Rupee opened stronger at 69.76 and traded in a 69.80-70.32 band as it trailed the dollar index on back of lower volumes in the forex markets due to banks strike," said Salil Datar, Executive Director & CEO, Essel Forex Limited. Most branches of public sector banks were shut on Friday on account of a stri...