Rupee Plunges To 6-Month Low

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The rupee fell to a low of 65.36 against the US dollar, its lowest level in the last six months on sustained dollar outfows from Foreign Portfolio Investors (FPIs). 

    Rupee Plunges To 6-Month Low
    The rupee had last hit this level on March 24, 2017. There has been good demand for the dollar from FPIs, who have sold staggering sums of Rs 20,000 crores in the Indian equity markets in the last two months.

    Weakish sentiments across the globe and strong gains in the dollar, against a basket of currencies also led to a decline in the rupee.

    Economic fundamentals have also left investors worried as growth slows and the CAD rises. Analysts believe that if the global sentiment takes a turn for the worst, we could see fresh drop in the rupee.

    Check Indian rupee vs global currencies

    Read more about: rupee dollar currency
    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