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Sensex 73,319.55 +0.25% ↑ Nifty 22,700.30 +0.09% ↑ 22k Gold ₹ 13,834/gm Silver ₹ 2,49,900/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 110.35 USD ₹ 92.73
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Rupee weakens again; drops 37 paise
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INR
92.733United States Dollar
The rupee opened the weak on a poor note, dropping by 37 paise to hit 59.93 against the dollar on sustained buying in the dollar.

Weakening economic fundamentals continued to weaken the rupee. Dealers say that measures taken recently to reduce volatility in the rupee have not worked and the Indian currency, infact, has turned more volatile.

There maybe more RBI intervention should the rupee drop past the 60 mark today. Meanwhile, markets have opened the day on a flattish notes in line with most other Asian markets.

GoodReturns.in

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Story first published: Monday, July 15, 2013, 9:07 [IST]
See More On: dollar
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