Rupee ends 3 paise lower against dollar

April 07, 2014 10:10 am | Updated May 21, 2016 09:17 am IST - Mumbai

In choppy trade in line with local equities, the rupee on Monday closed lower by three paise at 60.11 against the dollar.

A weak dollar overseas weighed against the rupee, while continued capital inflows kept the fall under control, a forex dealer said.

At the Interbank Foreign Exchange (Forex) market, the local unit resumed strong at 59.90 a dollar from last weekend’s close of 60.08.

It improved further to a high of 59.78 on initial firmness in domestic stocks.

It later turned negative in tandem with fall in local equities and touched a low of 60.24, before settling at 60.11, showing a fall of three paise from weekend close.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.