The rupee opened lower by 19 paise to 73.35 against the dollar on increased demand for the US currency from importers. Further, a lower opening of the domestic equity markets weighed on the local unit.
The Indian rupee on Thursday weakened against the US Dollar amid unabated foreign fund outflows.
The rupee opened lower by 19 paise to 73.35 against the US dollar on increased demand for the US currency from importers and a lower opening of domestic equity market.
Gold prices were hovering near three-month highs on Thursday as the rout in the global equity market prompted investors' demand for safe haven assets.
On Wednesday, the rupee strengthened 41 paise to close at a higher than three-week high of 73.16 against the US currency.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs73.26, while for the Euro, it was at Rs83.99. The RBI’s reference rate for the Yen stood at Rs65.13; the reference rate for Great Britain Pound (GBP) was Rs95.05.
The Indian rupee on Thursday weakened against the US Dollar amid unabated foreign fund outflows.
The rupee opened lower by 19 paise to 73.35 against the US dollar on increased demand for the US currency from importers and a lower opening of domestic equity market.
Gold prices were hovering near three-month highs on Thursday as the rout in the global equity market prompted investors' demand for safe haven assets.
On Wednesday, the rupee strengthened 41 paise to close at a higher than three-week high of 73.16 against the US currency.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs73.26, while for the Euro, it was at Rs83.99. The RBI’s reference rate for the Yen stood at Rs65.13; the reference rate for Great Britain Pound (GBP) was Rs95.05.
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