For Quick Alerts
For Daily Alerts

Rupee drops below 63 as weakness continues

Rupee drops below 63 as weakness continues
The rupee continued to exhibit weakness in trade today dropping below the 63 mark after several weeks on sustained demand for the US dollar.

The currency was last trading at 63.19, down 72 paise over Friday's close.

The rupee may continue to slide given that the RBI window for sourcing dollar requirement of oil marketing companies may end this month.

Ever since falling to a record low of 61.81 in September, the rupee has been showing signs of weakness.

This is despite the fact that there has been no exodus from foreign funds and in fact there has been robust dollar inflows from them. Check currency rates here

Read more about: dollar
Story first published: Monday, November 11, 2013, 10:05 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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