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Markets and Finance
 
Rupee hits 7-week low, slides 34 paise to 64.89
24-May-2017

The rupee took a hefty knock after a brief two-day recovery against the US currency and slumped by a whopping 34 paise to end at a fresh seven-week low of 64.89 on the back of frantic dollar demand.This is the lowest closing for the home currency since April 3, when it had closed at 65.03 against the greenback. Heavy month-end dollar demand along with sustained foreign capital outflows also weighed on the forex trade.

News Source:- http://timesofindia.indiatimes.com/business/india-business/rupee-hits-7-week-low-slides-34-paise-to-64-89/articleshow/58809056.cms
 
 
 
 
 

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