Rupee lower as Asia FX weak

Tags: Rupee, News
The rupee falls for a fourth session, driven by weak Asian FX a day

RELATED ARTICLES

after U.S. announces stimulus taper. The unit is trading at 62.27/29 versus Thursday's close of 62.14/15.

The rupee is, however, off 62.40 low on dollar selling by a large state-run as well as a foreign bank.

The Thai baht touched a three-year low on Friday, as the dollar stayed firm in the wake of the U.S. Federal Reserve's decision to start scaling back its bond-buying stimulus from January.

The USD/INR pair may hold in 62.20-62.70 range for session, say dealers.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • 49 per cent FDI in defence should pave the way for modernisation

    There is one industrial sector in India that has been kept out of the purview of the normal cycle of investment and production — defence.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture