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Rupee breaks 3-day losing streak; gains 3 paise
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INR
83.373 | United States Dollar |
Indices
Nifty22,326.90203.25 [0.92%]
The rupee has been losing ground against the dollar, after general strength of the American currency against all major currencies. The Indian currency has been showing signs of weakness and looks vulnerable on a rising current account deficit.
Despite foreign funds having pumped large amounts of money in 2012, the Indian rupee has failed to see any remarkable recovery. This makes it vulnerable to any global negative global event.
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