Rupee sees high volatility post allocation of key portfolios
On Thursday, the rupee had settled at 69.87 against the US dollar.
On Thursday, the rupee had settled at 69.87 against the US dollar.
Forex traders said the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.
Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses
The rupee strengthened by 39 paise to 67.39 against the dollar at the interbank forex market on 28 May on fresh selling of the greenback by exporters and banks.
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The Rupee depreciated 18 paise to 65.05 against the US Dollar in early trade on Thursday at the Interbank Foreign…
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The Rupee advanced 9 paise against the Dollar to breach the 65 level at 64.95 — a fresh 17-month high…
The Rupee advanced 9 paise against the Dollar to breach the 65 level at 64.95 — a fresh 17-month high…