Rupee falls 15 paise to 74.23 against U.S. dollar in early trade
The Hindu
On June 17, the rupee had settled at 74.08 against the U.S. dollar.
The Indian rupee slumped 15 paise to 74.23 against the U.S. dollar in opening trade on June 18 as the U.S. dollar extended gains, a day after the U.S. Federal Reserve surprised markets with its hawkish statement. Forex traders said muted domestic equities also weighed on investor sentiments. At the interbank foreign exchange, the rupee opened lower at 74.10 against the dollar and lost further ground to touch 74.23, registering a fall of 15 paise over its previous close.
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