Tuesday, 2 January 2018

The Rupee Retreated From Fresh Five-Month High Level To Trade Lower By 2 Paise At 63.70

The rupee retreated from fresh five-month high level to trade lower by 2 paise at 63.70 against the US currency in early session on some dollar buying by importers and banks.

The domestic currency opened marginally up at 63.67 and jumped 6 paise to a fresh five-month high of 63.62 at the interbank foreign exchange market on dollar selling by exporters.

However, the rupee lost steam soon and retreated to a low of 63.70 at 10:20 hrs, down by 2 paise compared to previous close of 63.68 a dollar.

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