Home Forex Exchange Rupee slips 12 paise to 71.74 against US dollar – BusinessLine

Rupee slips 12 paise to 71.74 against US dollar – BusinessLine

1 min read
0
1

The rupee, on Friday, settled 12 paise lower at 71.74 against the US dollar, tracking heavy selling in domestic equities and growth concerns ahead of the release of GDP data. Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.

At the interbank foreign exchange market, the local currency opened weak at 71.63, and during the day it lost further ground and fell to a low of 71.87. The rupee finally settled at 71.74, lower by 12 paise against its previous close. On Thursday, the local unit had settled at 71.62 against the greenback. On a weekly basis, the domestic unit has lost 3 paise. PTI

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

US-China trade talks remain on track – Global Times, citing 'expert' – ForexLive

Some optimism in the Chinese press Chinese experts close to the trade talks said that the …