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Rupee Touches 68.19; Hits Fresh 29 Month Low

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Continuing the downward trend, the rupee slipped another 14 paise to a fresh 29-month low of 68.19 against the dollar on Thursday.

 

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The dip was supported by month-end demand from importers and banks amid a strengthening American currency overseas.

Rupee Touches 68.19; Hits Fresh 29 Month Low

Forex dealers said increased demand for the dollar and a lower opening in the domestic equity market kept pressure on the rupee, reports PTI.

The rupee had shed 22 paise to close at a new 29-month low of 68.05 on Wednesday on sustained demand for the greenback from banks and importers amid a lower value overseas, it added.

Meanwhile, the benchmark BSE Sensex and Nifty were seen trading flat.

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Read more about: rupee dollar currency
Story first published: Thursday, January 28, 2016, 11:23 [IST]
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