Rupee slips by further 13 paise against US dollar in early trade

The Indian rupee continued its steep decline in early trade on Friday as strong demand for the US dollar remained persistent. The rupee slipped further by 13 paise to trade at Rs 59.70 against the US dollar at 9.03 a. m. on Friday. At one point on Thursday, the Indian currency slipped to its all-time low of 59.93, forcing the Reserve Bank of Indian (RBI) to intervene to support the local currency. read more

The Indian rupee continued its steep decline in early trade on Friday as strong demand for the US dollar remained persistent. The rupee slipped further by 13 paise to trade at Rs 59.70 against the US dollar at 9.03 a. m. on Friday. At one point on Thursday, the Indian currency slipped to its all-time low of 59.93, forcing the Reserve Bank of Indian (RBI) to intervene to support the local currency. read more

[via Stock Watch – Stock Specific News]

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