The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. The U.S. consumer …
The rupee appreciated 6 paise to 73.52 against the US dollar in opening trade on Wednesday, as gains in domestic equity market boosted investor confidence. Forex dealers said lower crude prices also helped the domestic unit to strengthen its ground. At the interbank forex market, the domestic unit opened slightly lower at 73.59, but soon recovered to quote 73.52 against …
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