Rupee falls to 1-month low of 67.19 on dollar strength...

Page 1

Rupee falls to 1-month low of 67.19 on dollar strength The rupee on Monday lost 14 paise to close at fresh one-month low of 67.19 against the US currency on increased dollar demand from importers and banks amid weak equity markets. The US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment, a dealer said. Investors, too, turned cautious over the upcoming redemption of the FCNR-B deposits, even though RBI has reiterated its commitment to provide enough liquidity, another dealer said.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.