Rupee’s free fall continues; ends at 30-mth low of 68.47

Rupee’s free fall continues; ends at 30-mth low of 68.47

FPJ BureauUpdated: Friday, May 31, 2019, 06:02 PM IST
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Mumbai : In a highly volatile trade, the rupee today plummeted to a 30-month low of 68.67 against the US dollar but made some fag-end recovery to close at 68.47, still down 9 paise, in line with a late rebound in domestic equities.  It has lost 40 paise or 0.58 % in two days.

The rupee had hit its all-time closing low of 68.80 per dollar on August 28, 2013 after plunging to 68.85 mark on the same day in the intra-day trade. Meanwhile, the dollar index was up by 0.02 % against a basket of six currencies in the late Asian trade.

Meanwhile, benchmark Sensex rebounded by 190 points to finish at 23,381.87 on fag-end buying from investors at lower levels coupled with higher European cues following recovery in crude oil prices.

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