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Markets and Finance
 
Rupee falls to 4-month low of 65.18 on high dollar demand
20-Mar-2018

Rupee fell to a four-month low on Monday having ended the session at 65.18 against the dollar with the majority of the fall seen during the last half hour of the session. The currency closed 24 paise down and ended the session very close to the intraday low of 65.1825. Most of the fall was recorded during the last 22 minutes of the session when the currency lost 8 paise against the greenback. Dealers indicate this could be due to a possible demand for dollars from corporates. “We could see more demand for dollars in the coming days. The rupee is likely to fall to the 65.50 levels in the coming weeks,” said a dealer.

News Source:- http://www.financialexpress.com/market/rupee-falls-to-4-month-low-of-65-18-on-high-demand/1104447/