Rupee hits fresh low; slips on crude oil prices
Analysts pointed out that caution ahead of key macro-economic data, coupled with a rise in demand for US dollars also dragged the rupee lower.
Analysts pointed out that caution ahead of key macro-economic data, coupled with a rise in demand for US dollars also dragged the rupee lower.
At 3.30 p.m., the wider NSE Nifty50 provisionally closed at 11,355.75 points, lower by 73.75 points or 0.65 per cent from its previous close.
The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks.
The local currency also fell back against the pound sterling to finish at 90.45 per pound from 90.38 earlier.
The rupee plunged 68 paise to 64.72 against the dollar on Monday after early trend suggested that the BJP and…
