At the interbank foreign exchange, the domestic unit opened weak at 81.79 against the dollar, then fell to 81.89, registering a decline of 31 paise over its last close.
It was the largest single-day fall for the local unit since Feb. 24. Traders said that RBI may have stepped in to arrest the rupee s decline, but the intervention was not too aggressive , , rupee down, rupee depreciation
Rupee falls 15 paise against dollar amid UK political churn
Rupee falls 15 paise against dollar amid UK political churn
Dealers Attributed The Rupeeâs Fall To Fresh Demand For The US Currency And A Lower Opening In Domestic Stocks, Too. PTI | Updated on: 12 Jun 2017, 12:26:32 PM
New Delhi:
The ongoing political instability in the UK cast its cloud on the rupee as it depreciated 15 paise to 64.39 against the US dollar in the early session on Monday ahead of the release of key IIP and inflation data later in the day.
Dealers attributed the rupee’s fall to fresh demand for the US currency and a lower opening in domestic stocks, too.