The rupee fell sharply today to breach the 65 mark against the US dollar. The rupee fell to a nearly 6-month low of 65.14 against the US dollar, its lowest since April this year. However, it staged a remarkable recovery from its near-six-month low and ended a marginal 2 paise higher at 64.79 per dollar. A stronger dollar following prospect, weak domestic equity markets and the possibility of fiscal loosening for extra government spending hurt the rupee, say, analysts. The rupee had closed at 64.81 on Thursday. Meanwhile, weak equity markets also hurt the sentiment, with the Sensex falling nearly 300 points.
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