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    Rupee Breaches 64 Levels Again; Hits 64.15 To The Dollar


    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
    70.020 US 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.

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