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Rupee ends down 7 paise at 67

Rupee ends down 7 paise at 67.49 against dollar

Tue June 12 2018

 

The rupee ended down by 7 paise at 67.49 against the American currency on Tuesday following sustained demand of dollar from importers and banks ahead of key macro datas. Surging dollar overseas in the backdrop US-North Korea summit, and key macro-events consumer price index (CPI)- inflation and index of industrial production (IIP) data later today hovering the dollar sentiment.

 

The rupee resumed lower at 67.48 against yesterday’s closing level of 67.42 at the inter- bank foreign exchange here. The domestic unit ruled volatile and moved in range of 67.52 and 67.35 per dollar in intra-day deals.

 

Higher local equities limited the losses, a dealer said.

 

Source: https://www.thehindubusinessline.com/

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