Rupee breaches 55 as economic data disappoints

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Rupee breaches 55 as economic data disappoints
    The rupee hit the 55 levels against the dollar, and was trading at 55.92, as economic indicators including the industrial production data, CPI inflation and trade data disappointed.
     

    The rupee had opened steady at around the same level as Friday's closing and soon appreciated to 54.62 against the dollar, but, dropped sharply after key data emerged.

    The rupee has now hit a two-month low against the dollar and is certainly bad news, particularly the volatility in the currency.

    In September the rupee had appreciated sharply, after the government had initiated a slew of reforms to revive investor sentiments.

    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