For Quick Alerts
For Daily Alerts

    Rupee drops marginally by 5 paise in late morning trade

    Rupee drops marginally by 5 paise in late morning trade
    69.650 US Dollar
    The Indian rupee dropped marginally by 5 paise in late morning trade, as equities remained subdued, following a sharp rally in the last two days.

    The rupee was trading at 54.67 to the dollar at 11.20 AM IST. The Indian currency has remained stable in the last few days.

    Forex dealers believe that the Indian rupee looks more weaker and any sell-off in equities could spark a downward spiral in the rupee. Foreign fund inflows have continue to support the funding of the current account deficit, which has reached worrisome proportions in the last few months.

    Read more about: currency
    Story first published: Thursday, March 7, 2013, 11:34 [IST]
    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