Rupee closes 26 paise weaker against US dollar at 67.76

Written by | May 24, 2016 | 0

Mumbai: The Indian rupee on Tuesday weakened for the ninth consecutive session against the US dollar, after foreign institutional investors (FIIs) continued to liquidate their investments in debt markets. The fall in Asian currencies markets as fears of an early interest rate hike in June also dampened the sentiment.

The home currency closed at 67.76—a level last seen on 1 March, down 0.38% from its previous close of 67.50. The rupee opened at 67.64 per US dollar and touched a low of 67.76, a level last seen on 2 March. So far this year, rupee has fallen 2.36%.

Filed in: Business

No comments yet.

Leave a Reply