For Quick Alerts
For Daily Alerts

Rupee weakens again; drops 37 paise

 Rupee weakens again; drops 37 paise
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.

Read more about: dollar
Story first published: Monday, July 15, 2013, 9:07 [IST]
Company Search
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