INSUBCONTINENT EXCLUSIVE:
Therupee on Monday had surged by 57 paise to close at an over seven-month high of 68.53.
Snapping
its six-day rising spree, the rupee on Tuesday depreciated by 43 paise to close at 68.96 against the dollar on emergence of demand for the
greenback from importers, reported news agency Press Trust of India (PTI)
The rupee came under pressure due to rising crude pressure and a caution ahead of the outcome of the Federal Open Market Committee (FOMC)
meeting, the agency reported quoting traders
On Monday, the rupee had advanced by 57 paise to close at an over seven-month high of 68.53 against the dollar
account of importers demand at lower levels.Meanwhile, Brent crude, the global benchmark for crude oil, was last seen trading at $68.02 per
greenback in the near term.In its move to infuse rupee liquidity into cash-strapped banks, the Reserve Bank of India (RBI) is scheduled to
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