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Rupee slips to 64

Rupee slips to 64.48 in pre-close trade

Thu June 15 2017

 

The rupee slipped to 64.48 against the greenback in pre-close trade on Thursday.

 

The dollar inched higher on Thursday, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.

 

The domestic unit opened up by 4 paise at 64.26 at the Interbank Foreign Exchange market today. It hovered in a range of 64.48 and 64.25 before quoting at 64.48, down 18 paise at 4.45 pm local time.

 

Yesterday, the rupee had gained 3 paise to end at 64.30 against the US dollar on persistent selling of the American currency by exporters and also helped by a cooling inflation.

 

Source: http://www.thehindubusinessline.com/

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