For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee trading at a new historic low of 62.33 against the dollar

|
 Rupee trading at historic low of 62.33 against the dollar
The rupee hit a new historic low of 62.35, dropping 72 paise over Friday's close. It was last trading at 62.35 against the dollar.
 

Today's new lifetime low for the rupee is despite sustained measures by the RBI and the government to stem a slide in the rupee.

The RBI has already tightened liquidity in the banking system and imposed fresh capital control measures. The government on the other hand along with the RBI has tried various liberalisation measures and also imposed fresh restriction on gold imports.

Earlier, the government had also hiked the import duty on gold.

Dealers say that despite these measures the rupee has failed to recover and the situation has only gotten worse.

Fears that the US Federal Reserve would taper-off its bond buying programme in the US has spooked Indian stock markets and the domestic currency. Check currency rates here

GoodReturns.in

Read more about: dollar
Story first published: Monday, August 19, 2013, 9:15 [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