SEARCH

Rupee declines

print   ·   T  T  

MUMBAI: The rupee depreciated against the U.S. currency to close at 44.29/30 on Friday following steep fall in equity markets amid heavy pull-out by foreign funds and some dollar buying by importers.

In quiet trade at the interbank foreign exchange market, the Indian unit opened slightly easier at 44.2750/2850 a dollar from Thursday's close of 44.26/27.

It later moved in a narrow range of 44.26 and 44.32 before ending three paise lower at 44.29/30 a dollar. Forex dealers attributed the fall in the rupee to steep decline in equity markets. PTI


O
P
E
N

close

Recent Article in BUSINESS

RBI panel widens scope for priority sector lending

The Reserve Bank of India (RBI) on Monday said loans to sanitation, health care and drinking water facilities and renewable energy would... »