Rupee 'shocked' from the no confidence motion, goes at the 'lowest' level compared to the dollar
Friday - July 20, 2018 11:20 am ,
Category : INDIA
Rupee hits lowest level; RBI does not give any intervention
JULY 20 (WTN) - The rupee has reached its lowest level ever since compared to the dollar. At the beginning of trading, the rupee weakened 7 paise to close at 69.12 per dollar, which is the 'lowest level' of rupee so far.
According to the information, the better economic data in the US has strengthened the dollar, while 'no confidence motion' against the Modi government in India has weakened the rupee against the dollar.
Market analysts say that the RBI has not given any "interference" to support the rupee, which is why the rupee has weakened against the dollar. According to economists, the rupee can go up to the lowest level of 69.30 against the US dollar.
JULY 20 (WTN) - The rupee has reached its lowest level ever since compared to the dollar. At the beginning of trading, the rupee weakened 7 paise to close at 69.12 per dollar, which is the 'lowest level' of rupee so far.
According to the information, the better economic data in the US has strengthened the dollar, while 'no confidence motion' against the Modi government in India has weakened the rupee against the dollar.
Market analysts say that the RBI has not given any "interference" to support the rupee, which is why the rupee has weakened against the dollar. According to economists, the rupee can go up to the lowest level of 69.30 against the US dollar.
