The weakness in rupee against the dollar has increased . The rupee has slipped to its lowest in past 1 month . The value of one dollar has crossed beyond 61 rupees. Finally rupee closed at 61.07 with a decline of 31 paisa against dollar.
Yesterday rupee had opened at 60.88 with a weakness against dollar. While in tuesday's trading session rupee was closed at 66.76 against the dollar .Due to the improvement in U.S economy , dollar is strengthening as compared to the other currencies of the world . This has an major impact on Indian currency. However,due to FII investments in equity markets and electoral actions, the market has been fast growing.But its impact has not be directly visible to rupee.
Yesterday rupee had opened at 60.88 with a weakness against dollar. While in tuesday's trading session rupee was closed at 66.76 against the dollar .Due to the improvement in U.S economy , dollar is strengthening as compared to the other currencies of the world . This has an major impact on Indian currency. However,due to FII investments in equity markets and electoral actions, the market has been fast growing.But its impact has not be directly visible to rupee.
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