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Rupee at day's low; trades at 72.19 per dollar

The rupee had plunged to an over eight-month low of 71.81 on Thursday amid tumbling equities and incessant foreign fund outflows.
Aug 26, 2019 / 11:30 AM IST

The Indian rupee has extended the morning losses and trading at day's low level at 72.19 per dollar, down 53 paise from Friday's close.

It opened lower by 32 paise at 71.98 per dollar against previous close 71.66.

The rupee spurted 15 paise to close at 71.66 against the US dollar on Friday on hopes that the government will roll back the FPI surcharge and unveil measures to boost growth, said PTI.

The rupee, which had earlier in the day breached the 72-mark for the first time this year, stabilised following an announcement that Finance Minister Nirmala Sitharaman will address a press conference in the evening.

The rupee had plunged to an over eight-month low of 71.81 on Thursday amid tumbling equities and incessant foreign fund outflows, it added.

Also ReadStimulus measures will help Rupee pare losses; Rs 72/$ likely to lend support
Moneycontrol News
TAGS: #Rupee
first published: Aug 26, 2019 11:30 am

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