INSUBCONTINENT EXCLUSIVE:
On Tuesday, the domestic unit had closed at 71.01 against the greenback.
The rupee settled 3 paise
lower against the dollar on Wednesday
The local currency opened lower at 71.10, then lost further and fell to an intraday low of 71.14 against the American currency
The domestic unit finally settled at 71.04, recouping some losses
According to analysts, a weak trend in domestic stock markets, political unrest in the United States and unabated foreign fund outflows
weighed on the local unit
On Tuesday, the domestic unit had closed at 71.01 against the greenback
Here are 10 things to know about rupee:Analysts said that rupee depreciated amid rising demand for the greenback vis-a-vis
Limited, the political unrest in the US, Middle-East tensions and no update over US-China trade deal has been keeping rupee under
Managing Director, CR Forex.The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.35 per cent
the opening of formal impeachment inquiry into President Donald Trump
points or 1.29 per cent lower at 38,593.52 and the NSE Nifty 50 index dropped 148 points or 1.28 per cent to close at 11,440.20.Brent
on TheIndianSubcontinent.com
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