Rupee rises tracking continued sell-off in dollar vs majors

The dollar nursed losses near an eight-month low against a basket of currencies on Friday.

October 18, 2013 / 11:32 IST

The rupee is trading at 61.12/13 against the dollar versus its close of 61.23/24 on Thursday, tracking a continued sell-off in the greenback across all major currencies on worries of the economic impact from the weeks-long U.S. government shutdown.

The dollar nursed losses near an eight-month low against a basket of currencies on Friday as traders focused on the economic impact of an acrimonious showdown in Washington that dragged the United States to the brink of a debt default.

first published: Oct 18, 2013 09:38 am

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