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Indian Rupee Topples versus US Unit in Morning Deal

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Indian Rupee Topples versus US Unit in Morning Deal

July 30
15:12 2014

rup1New Delhi, Wednesday, July 30 – The official currency of India skidded by eight paise to be at 60.21 in opposition to the greenback in the deal that was observed on Wednesday morning, widening losses for one more day at the Interbank Foreign Exchange market as a result of demand for the US dollar at the end of this month from importers.

As per a number of forex traders, the boost of American currency in opposition to additional units in foreign countries and a down start in the local stock market too kept stress on the rupee.

Detailing it further, the local unit had deteriorated by 3 paise to close at almost a one-week trough of 60.13 versus the US unit on the first working day of the week. No trading was observed a day ago as markets were shut due to the Eid-ul-Fitr festival.

In the intervening time, the 30-share barometer lost its footing by 61.40 points, or say 0.29 percent, to tap at 25,929.83 mark in opening deal today.

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