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Domestic Unit Loses Footing in Early Trade against Greenback

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Domestic Unit Loses Footing in Early Trade against Greenback

February 18
15:12 2015

rupee2New Delhi, Wednesday, February 18 – The local unit lost its footing by 10 paise to strike at 62.26 mark in opposition to the American unit in the deal witnessed early on February 18 at the Interbank Foreign Exchange as a result of augment of the Greenback out of the country.

Detailing it further, huge demand for the US currency from importers too kept stress on the domestic unit of India. Here is to mention that Indian rupee had logged an increase of three paise to end at 62.16 in opposition to the American currency on the first working day of this week tracking nonstop offloading of the dollar by the exporters and banks.

In the intervening time, the 30-share barometer mounted by 105.68 points, or say, 0.36 per cent, in order to hit at 29,241.56 level in today’s deal.

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