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Rupee renews slide; heads for 67 again in noon trade

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Rupee renews slide; heads for 67 again in noon trade
The rupee which opened the day lower at 66.29 against the dollar, after closing at 66 on Monday continued to slide in noon trade. The currency was last trading at 66.84 to the dollar, heading for the 67 mark once again.
 

The currency stability exhibited in the last few days was absent.

Last week it maybe recalled the rupee slipped to a lifetime low of 68.81 against the dollar, but has recovered since.

Dealers say that the Fed decision on tapering and an impending attack on Syria would continue to weigh on rupee sentiments. At least in the next few days we could see heightened volatility going ahead.

GoodReturns.in

Read more about: dollar currency
Story first published: Tuesday, September 3, 2013, 12:09 [IST]
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