Rupee down in trade at 67.18 against the dollar

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Rupee down in trade at 67.18 against the dollar
The Rupee opened the day lower once again in trade at 67.18 against the dollar, down 63 paise over Thursday's close.

The rupee saw one of the biggest single day gains on Thursday since 1998, jumping 3.46 per cent to end at 66.55, against the dollar. This was largely on the back of the RBI opening up a forex swap window for oil marketing companies.

Dealers say that the rupee would continue to weaken despite the RBI measures as demand from foreign funds continued unabated. Foreign funds have been net sellers in the cash market for 12 straight trading days. This is likely to push demand for the dollar higher. Check rupee rates here

Read more about: dollar, forex, rbi
Story first published: Friday, August 30, 2013, 9:13 [IST]
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