The Rupee had closed at 64.14 against the US dollar on Tuesday. The rupee was under immense pressure, adversely impacted by the fragile equity markets.
The rupee today opened at 64.19 as against the US dollar.
The local unit hit a low of 64.28 and a high of 64.11.
The Rupee had closed at 64.14 against the US dollar on Tuesday. The rupee was under immense pressure, adversely impacted by the fragile equity markets.
Muted corporate earnings, uncertainty over retrospective taxation and better returns in other emerging markets has persuaded foreign investors to reduce their exposure to the Indian markets.
The local unit hit a low of 64.28 and a high of 64.11.
The Rupee had closed at 64.14 against the US dollar on Tuesday. The rupee was under immense pressure, adversely impacted by the fragile equity markets.
Muted corporate earnings, uncertainty over retrospective taxation and better returns in other emerging markets has persuaded foreign investors to reduce their exposure to the Indian markets.
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