Re Falls 4 P at 64.19 a Dol­lar

The Economic Times - - Money -

Mumbai: The ru­pee failed to sus­taintheearlystron­gen­thu­si­asm of Mon­day and ended 4 paise lower at 64.19, the sec­ond straight ses­sion loss against the UScur­ren­cy­on­bout­sof mon­thend­dol­larde­mand­fromim­porters and cor­po­rates. Cur­rency traders also pre­ferred to stay on side­lines and avoided tak­ing any long po­si­tions as cau­tion dis­played ahead of the Re­serve Bank’s pol­icy re­view meet out­come on Au­gust 2. The home cur­rency re­sumed firmly higher at 64.05 from last week­end close of 64.15 at the In­ter­bank For­eign Ex­change (forex) mar­ket ow­ing to heavy dol­lar selling by banks and ex­porters and trade­d­i­natigh­trange­most­part of the day.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.