There’s a fair chance that the rupee will come out as a weaker currency over time. So, every rupee you own will buy you fewer goods and services in dollar terms. Conversely, every dollar will buy you more things in India. And this is why investing in the international market is a smart idea
At the interbank foreign exchange, the domestic unit opened weak at 83.30 against the dollar and then further slipped to 83.33, registering a fall of 5 paise over its previous close.
Sensex Today | Stock Market LIVE Updates: Kotak Mahindra Bank, LTIMindtree, HUL, Titan Company, Maruti Suzuki were among major losers on the Nifty, while gainers were Axis Bank, HCL Technologies, Eicher Motors, Tech Mahindra, Infosys.