Rupee Breaches 64 Levels Again; Hits 64.15 To The Dollar

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    After a few weeks in the 63 range, the rupee breached the 64 levels with ease today. It is down a huge 25 paise at 64.15 to the dollar.

    Rupee Breaches 64 Levels Again; Hits 64.15 To The Dollar
    There was dollar demand from FIIs which pushed the rupee lower against the dollar. Foreign funds have been consistent sellers in Indian equities and on Wednesday they net sold heavily in the Indian markets after a weak monsoon forecast.
     

    Dealers expect the Reserve Bank of India (RBI) to intervene at these levels and a significant downside in the rupee may not be seen.

    GoodReturns.in

    Read more about: dollar
    Story first published: Thursday, June 4, 2015, 10:13 [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

    Get Latest News alerts from Goodreturns

    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