Rupee closes at 11-week low of 67.45 against US dollar

Written by | May 21, 2016 | 0

Mumbai: The Indian rupee on Friday weakened for the seventh consecutive session against the US dollar, on concerns of slowing dollar inflows. Fall in local equity markets for the third consecutive session also dampened investor sentiment.

The home currency closed at 67.45—a level last seen on 2 March, down 0.11% from its previous close of 67.37. The rupee opened at 67.42 per US dollar and touched a low of 67.50, a level last seen on 9 March.

Filed in: Business

No comments yet.

Leave a Reply