The Rupee Weakened To A Fresh 13 Month Low By Falling 33 Paise - Dollar Advisory Financial Services

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Wednesday 25 April 2018

The Rupee Weakened To A Fresh 13 Month Low By Falling 33 Paise

The rupee weakened to a fresh 13-month low by falling 33 paise to 66.71 against the American currency on bouts of month-end dollar demand from importers amid crude price volatility and rising US bond yields.

The rupee opened lower at 66.48 from yesterday's closing level at 66.38 per dollar at the interbank foreign exchange here.

Continued FII-selling of local equity and debt, and weak stock market also weighed on the rupee.

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