On Tuesday, the currency appreciated 34 paise to close at 69.44 against the dollar.
The Indian rupee depreciated 17 paise against the dollar on Wednesday to open at 69.60 compared to its previous close of 69.44/$.
On Tuesday, the currency appreciated 34 paise to close at 69.44 against the dollar, its five-month high level. Meanwhile, the currency has rallied 92 paise in the last three trading sessions. This is on the back of a weak dollar and slipping crude oil prices in the global market.
However, the fall in Wednesday's trade could be attributed to investors' concerns regarding slowing global economic growth.
On the economic front, India’s goods and services tax (GST) revenue collection in December fell to Rs94,726cr compared to Rs97,637cr in the previous month, the government data showed. Of the total, Central GST was Rs16,442cr, State GST was Rs22,459cr, integrated GST was Rs47,936cr (including Rs23,635cr collected on imports) and Cess was Rs7,888cr (including Rs838cr collected on imports).
On Tuesday, the currency appreciated 34 paise to close at 69.44 against the dollar, its five-month high level. Meanwhile, the currency has rallied 92 paise in the last three trading sessions. This is on the back of a weak dollar and slipping crude oil prices in the global market.
However, the fall in Wednesday's trade could be attributed to investors' concerns regarding slowing global economic growth.
On the economic front, India’s goods and services tax (GST) revenue collection in December fell to Rs94,726cr compared to Rs97,637cr in the previous month, the government data showed. Of the total, Central GST was Rs16,442cr, State GST was Rs22,459cr, integrated GST was Rs47,936cr (including Rs23,635cr collected on imports) and Cess was Rs7,888cr (including Rs838cr collected on imports).
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