Rupee weakens 31 paise at 61.16 to the dollar

Posted By:
Subscribe to GoodReturns

The rupee weakened by 31 paise at 61.16 against the dollar, as demand for the dollar rose, following escalating of tensions between Ukraine and Russia.

This week the rupee had shown some signs of recovery after dropping to a 3-month low last week. Dealers say that global worries could weigh on the rupee, especially an interest rate hike in the US. The rupee had recovered sharply from the low seen in August last year of 68.86 against the dollar. In fact, the currency is now the best performing currency in Asia. Check currency rates here

Read more about: dollar, ukraine, russia
Story first published: Wednesday, August 6, 2014, 9:57 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns