The rupee plunged by 24 paise to settle at a over two-month low of 66.57 against the US dollar on Thursday, on month-end demand for the American currency from importers and banks on the back of higher greenback in the overseas markets.
Besides, foreign capital outflows affected the rupee sentiment, forex dealers said.
The domestic unit opened lower at 66.35, against Tuesday’s closing level of 66.33 at the interbank foreign exchange (forex) market and dropped further to 66.67 before ending at a 2-1/2 month low of 66.57, showing a loss of 24 paise.
The local currency had last ended at 66.82 on September 7, 2015.
Rupee tumbles 24p to close at 66.57 | Business Standard Mobile Website
Besides, foreign capital outflows affected the rupee sentiment, forex dealers said.
The domestic unit opened lower at 66.35, against Tuesday’s closing level of 66.33 at the interbank foreign exchange (forex) market and dropped further to 66.67 before ending at a 2-1/2 month low of 66.57, showing a loss of 24 paise.
The local currency had last ended at 66.82 on September 7, 2015.
Rupee tumbles 24p to close at 66.57 | Business Standard Mobile Website
