For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Rupee drops marginally; down 3 paise on dollar demand

    |
     Rupee drops marginally; down 3 paise on dollar demand
    The rupee dropped marginally by 3 paise in inter-bank trading in the forex market on an increase in dollar demand.
     

    The rupee was trading at 53.73 paise to the dollar at 9.45 am IST. The currency is expected to remain stable in line with equity markets, which have exhibited less volatility over the last few trading sessions.

    A decline in crude oil prices over the last few trading sessions is also likely to help support the rupee in the near term.

    Foreign fund flows into the equity markets are also likely to help the rupee. However, over the last few trading sessions fund flows from FIIs have remained subdued. Foreign funds are in a wait and watch mode and are looking to the government to unveil a fresh round of reforms.

    GoodReturns.in

    Read more about: currency
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more