Thursday, 7 May 2015

Rupee drops nearly 30 paise against dollar

The rupee has fallen over 3% in the past three months

Rupee continued its downward journey against the dollar and opened nearly 30 paise down as against dollar, at Rs 63.83 to a dollar.

The rupee has fallen over 3% in the past three months.

At 9:39AM, the local unit is trading at 63.83 against the US dollar. It hit a high of 64.14 and a low of 63.83.

Foreign institutional investors (FIIs) have invested more than $30 billion into the equities of Taiwan, South Korea, Japan, Brazil and Canada since April 1, according to a media report. 

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