1. Why the Indian rupee fell against US dollar

Why the Indian rupee fell against US dollar

Indian rupee's fall against US dollar was in line with the fall of other major global currencies.

By: | New Delhi | Updated: April 24, 2015 10:25 AM
Indian Rupee, rupee value, US dollar, Rupee to dollar, rupee vs dollar

Indian rupee’s fall against US dollar was in line with the fall of other major global currencies.

While there was outflow of funds from the markets and FIIs sold a net of Rs 276 crore from Indian equities on Thursday, experts say that importers rushed in to hedge their US dollar payments that are due.

Indian rupee did not find any support from the RBI.

The Indian rupee’s fall against US dollar was in line with the fall of other major global currencies.

Also read: Rupee breaches 63 per $ mark, closes at over three-month low

The rupee had also slipped on Tuesday in the early hours but regained the lost ground after FIIs invested a net of Rs 17,488 crore later in the day.

Indian Rupee, rupee value, US dollar, Rupee to dollar, rupee vs dollar

For Updates Check Banking News; follow us on Facebook and Twitter

  1. No Comments.

Go to Top