Rupee slumps 30 paise to 75.08 against U.S. dollar
The Hindu
This is the third straight session of loss for the local unit, during which it has declined by 63 paise
Registering its third straight session of loss, the Indian rupee on January 27 depreciated by 30 paise to close at 75.08 (provisional) against the U.S. dollar, tracking the strength of the American currency after a hawkish U.S. Fed policy stance.
Forex traders said muted domestic equities, sustained foreign fund outflows and firm crude oil prices also weighed on the local unit.
At the interbank foreign exchange market, the local currency opened at 75.18 against the greenback and witnessed an intra-day high of 75.07 and a low of 75.31 during the session.
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