The Indian rupee today lost 19 paise against the dollar at 63.30 at close as initial gains were washed out on account of strong demand for the US currency from oil companies even as stock markets were bullish.
On a weekly basis, The Indian Rupee and appreciated marginally around 0.1 percent in yesterday's trading session. The currency appreciated after US Federal Reserve said that it would be patient in deciding when to increase its interest rates.
The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India (RBI), according to a survey. �We believe that prolonged weakening of the rupee may delay any interest rate cut by the ...
The rupee opened lower at 62.50 per USD and plunged to 13-mth low of 63.89 this week before ending At 63.30 per dollar, showing a loss of 101 paise or 1.62 per cent amid chaos in global financial markets caused by volatility in Russian currency rouble.