INSUBCONTINENT EXCLUSIVE:
gains and closed 27 paise lower at 68.70 against the US dollar on Thursday
That marked the lowest closing level for the rupee since July 25
The rupee had hit 68.26, its highest level against the greenback in a month, during Thursday's session
The lower closing for the rupee came a day after the Reserve Bank of India (RBI) hiked the repo rate - the key interest rate at which it
against the US dollar today:1
The losses for the currency came amid a rise of 0.4 per cent in the dollar against a basket of currencies and a plunge in domestic
falling 101 points to end at 11,244
Other than the RBI action on key interest rate dragging the rate-sensitive stocks lower, investor sentiment was affected by escalating
imports from 10 per cent to 25 per cent.4
Arab Emirates have increased production, as agreed at a key meeting in June, to help to compensate for an anticipated shortfall in Iranian
supported by strong economic data since its June policy review
The central bank said emerging market currencies have depreciated against the US dollar over the last month.(With agency inputs)
