The Indian rupee extended its fall to below 60 per dollar levels in
afternoon trade on Friday, weighed down by heavy demand for dollars from
importers, particularly oil companies, according to dealers.
The partially convertible rupee was trading at 60.02/03 per dollar at 12:42 p.m., compared with its previous close of 59.6750/6850.
Traders expect support for the rupee at around 60.20 levels, adding if the level is broken the currency could fall to 60.50. The rupee had hit a record low of 61.21 on Monday.
src THT
The partially convertible rupee was trading at 60.02/03 per dollar at 12:42 p.m., compared with its previous close of 59.6750/6850.
Traders expect support for the rupee at around 60.20 levels, adding if the level is broken the currency could fall to 60.50. The rupee had hit a record low of 61.21 on Monday.
src THT
No comments:
Post a Comment