Marathi | HIndi

Epaper
Follow us:
Home > Business > Rupee weakens after initial appreciation
Rupee weakens after initial appreciation English.Lokmat.com

Rupee weakens after initial appreciation

Mumbai, Sep 15 The Indian rupee depreciated on Tuesday afternoon after opening stronger against the US dollar. It ...
Rupee weakens after initial appreciation

Mumbai, Sep 15 The Indian rupee depreciated on Tuesday afternoon after opening stronger against the US dollar.

It closed at 73.64 per dollar, 16 paise weaker than the previous close of 73.48 a dollar.

It appreciated during the initial trade and touched 73.31 earlier in the day.

The recent strength in the Indian currency has been largely on the back of the vaccine hopes for coronavirus and the foreign fund inflow, experts said.

Analysts said that the positive trend in the stock market also supported the rupee initially.

Anuj Gupta, DVP for Commodities and Currencies Research, said that it may soon test 72 per greenback.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Rupee weakens after initial appreciation
NBFCs raise $3.9 billion capital buffer post Covid-19
Amazon opens two more fulfillment centres in Hyderabad
Tata Motors-DVR shares surge 45% in a month
MSI officially enters the business laptop market with new logo
Corona
Patients5818570
Died92290
Corona
Patients32,420,147
Died987,815
Corona
Coronavirus Live updates! Around the world