Wednesday, 27 September 2017

INR erases gains, falls to 65.51 against dollar

The rupee resumed higher at 65.35 as against yesterday's closing level of 65.45 at the inter bank foreign exchange (Forex) market here.


The rupee wiped off early gains against the dollar today, slipping 6 paise to 65.51, following fresh spell of month-end dollar demand from importers and banks and a higher greenback overseas.
The rupee resumed higher at 65.35 as against yesterday's closing level of 65.45 at the inter bank foreign exchange (Forex) market here.
Later, it slipped to 65.60 before hitting 65.51 at 1030 hours. Persistent capital outflows and subdued domestic equities hurt rupee sentiment, dealers said.
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