Indian rupee breaks 3-day upward trend

  • news digest

Oct 16, 2018-

The Indian rupee’s fall against US dollar continues. Reportedly, the rupee again dives to 73.93 against the US currency in early trade Monday, collapsing its three-day recovery trend, as crude prices rose amid weak macro-economic data. A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee. On last Friday, the rupee had finished 55 paise higher at 73.57 against the dollar, as worldwide crude costs eased and domestic records created a smart rebound. The benchmark BSE Sensex fell by 70.85 points, or 0.20 percent, to 34,662.73 in early exchange after crossing the key 35,000-mark to hit a high of 35,008.65 at the outset. (Xinhua)

Published: 16-10-2018 10:57

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