Rupee Dips to 13-Month Low; Opens Weak at 63.74 to the Dollar

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The rupee today opened the day lower once again by 21 paise at 63.74, down 21 paise over Tuesday's close.

     Rupee Dips to 13-Month Low; Opens Weak at 63.74 to the Dollar
    Global conditions continued to remain weak with US markets closing lower. The rupee had closed at a 13 month low on tuesday and dealers fear that it is just a matter of time before the rupee once again crosses the 64 levels mark.

    Foreign fund flows have not supported the rupee with FIIs being consistent sellers. On Tuesday they sold stocks worth Rs 1200 crores in the cash market.

    India's trade deficit also widened to a 18-month high putting pressure on the rupee. Gold imports have been rising, though there are hopes that falling crude prices could benefit India immensely. Check Rupee rates here

    GoodReturns.in

    Read more about: dollar
    Story first published: Wednesday, December 17, 2014, 9:07 [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