Dealers attributed the rupee’s persistent fall to increased demand for the US currency from importers and foreign fund outflows.
PTI
Updated:April 18, 2018, 11:39 AM IST
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Dealers attributed the rupee’s persistent fall to increased demand for the US currency from importers and foreign fund outflows.
On Tuesday, the rupee had lost 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.
Concerns over oil prices, a global trade war threat, and the widening current account deficit have also weighed on the domestic unit.
Meanwhile, the benchmark BSE Sensex advanced by 110.13 points, or 0.32 per cent, to 34,505.19 in the opening trade on Wednesday.
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Source: News18