Wednesday, 2 May 2018

The Rupee Depreciated 7 Paise To 66.73 Against The US Dollar On Fresh Demand

The rupee depreciated 7 paise to 66.73 against the US dollar on fresh demand for the greenback from importers and banks ahead of US Federal Reserve's two-day policy meet outcome.

Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.

On Friday, the rupee had gained 9 paise to close at 66.66 on dollar-selling by exporters and a stellar rally in local equities.

Forex market remained closed on Monday and Tuesday on account of 'Buddha Purnima' and 'Maharashtra Day', respectively.

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