The rupee extended losses for the second day, dropping 33 paise to 59.67 against dollar
MUMBAI: The rupee extended losses for the second day, dropping 33 paise to 59.67 against dollar, after Fed's comments strengthened the US currency and RBI drained only a fifth of its target in an auction to curb liquidity.
The losses in rupee in past two sessions has brought the rupee close to its levels seen before RBI had unveiled a skew of measures to tame the rupee volatility.
The rupee on Thursday opened weak at 59.61 a dollar from 59.34 previously at the Interbank Foreign Exchange Market and moved in a range of 59.49 and 59.79 before concluding at 59.67, a fall of 33 paise, or 0.56 per cent.
The losses in rupee in past two sessions has brought the rupee close to its levels seen before RBI had unveiled a skew of measures to tame the rupee volatility.
The rupee on Thursday opened weak at 59.61 a dollar from 59.34 previously at the Interbank Foreign Exchange Market and moved in a range of 59.49 and 59.79 before concluding at 59.67, a fall of 33 paise, or 0.56 per cent.
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