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Rupee slips 3 paise to end at 70

Rupee slips 3 paise to end at 70.49

Tue Dec 04 2018



The rupee slipped further by 3 paise to close at 70.49 against the dollar on Tuesday due to increased demand for the American currency from importers and firming global crude oil prices.


 At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.50 and fell further to touch the day’s low of 70.68 a dollar.


 The domestic currency, however, pared some losses and finally ended at 70.49 per dollar, down by 3 paise against its previous close.


On Monday, the rupee had dropped by 88 paise, its biggest single-day loss in more than three months, to close at 70.46.


Source: Hindu business line.

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