For Quick Alerts
For Daily Alerts

    Rupee Trades Lower At 68.54, Down By 0.42% Against US Dollar


    The domestic unit is seeing no respite due to several macro-economic concerns such as the rising crude oil price which is volatile given the international situation. Also the month end dollar demand is putting an increasing pressure on the Indian rupee which after declining by 25 paise in today's trade was last seeing trading at 68.54. Such levels of rupee currency was last reached on November 30, 2016.

    Rupee Trades Lower At 68.54, Down By 0.42% Against US Dollar

    Sustained outflow of foreign funds is also worsening the impact on the Indian currency. The rupee's fall is obvious given the fundamentals but going ahead it will be interesting to note how the apex bank interferes to keep the rupee stable and not go beyond the suggested price range.

    On Tuesday, the rupee closed lower by 19 paise at 68.25 against the greenback. Overall, FIIs or foreign institutional investors sold close to Rs 538.40 crore worth of shares while domestic institutional investors or DIIs sold scrips valued at Rs 238.05 crore.

    The stock markets however opened steady led by gains due to strong buying. The BSE Sensex traded higher by 81.01 points at 35,571.05 points, while the NSE Nifty 50 traded flat at 10,774.05 points.

    Story first published: Wednesday, June 27, 2018, 11:20 [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

    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