Pressure Looms On Rupee As It Trades Past 68 Vs Dollar

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    A number of macro-factors that are currently into play are putting a downward pressure on the domestic unit and after settling marginally up at 67.99 against the dollar on Monday has again retreated lower by 4 paise to trade at 68.03.

    Pressure Looms On Rupee As It Trades Past 68 Vs Dollar

    The larger fund outflow by the foreign institutions driven by higher rates in the US economy coupled with some of the economic factors such as threat of current account deficit situation worsening is already playing havoc with the Indian rupee.

    As per provisional data, FPIs offloaded shares worth Rs. 754.43 crore from the Indian markets on Monday.

    Importers increased emand for American dollar plus huge foreign outflow is further adding pressure on the currency.

    However, as per dealers, the gain in other currencies including yen and euro has capped the fall in the Indian rupee.

    Goodreturns.in

    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